What is the role of a Registrar to an issue

Posted on 01-05-2016        By leena

What is the role of a  Registrar to an issue?

The Registrar finalizes the list of eligible allottees after deleting the invalid applications and ensures that the corporate action for crediting of shares to
the demat accounts of the applicants is done and the dispatch of refund
orders to those applicable are sent. The Lead Manager coordinates with the
Registrar to ensure follow up so that that the flow of applications from
collecting bank branches, processing of the applications and other matters
till the basis of allotment is finalized, dispatch security certificates and
refund orders completed and securities listed.

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