Latest news with #RTAs
Hindustan Times
6 days ago
- Hindustan Times
Unsafe UP school transport: 913 vehicles seized, ₹88.5 lakh in fines realised
In a push to ensure the safety of school-going children, the Uttar Pradesh Transport Department has seized 913 school vehicles and collected ₹88.52 lakh in penalties following a massive statewide enforcement drive, a government spokesman said here on Wednesday. For representation only (HT File Photo) 'Conducted between July 1 and July 15, the operation inspected 46,748 of the 67,613 registered school vehicles—roughly 69%—across the state,' he added. The inspection revealed that 4,089 vehicles (8.75%) violated safety norms, with 1,768 found operating despite expired fitness certificates. In all, 4,438 challans were issued as part of the crackdown. Transport commissioner Brajesh Narain Singh has issued strict directives to all districts and school managements, warning of 'zero tolerance' for any negligence in school vehicle operations. He emphasised that any failure to comply with safety standards would attract severe legal, criminal, and administrative consequences, including the cancellation of school recognition in case of repeated violations. While districts such as Prayagraj, Farrukhabad, Lucknow, and Kanpur Nagar performed well in enforcement, serious lapses were noted in Mau, Maharajganj, Deoria, Hapur, and Siddharthnagar. Key violations uncovered during the drive included, operation of vehicles with expired fitness certificates, use of privately registered vehicles (Maruti vans, taxis, autos) without valid permits, absence of mandatory safety gear such as GPS, CCTV, fire extinguishers, and first-aid kits and lack of police verification, training, and medical check-ups of drivers and attendants, denial of affiliation by schools despite private vehicles operating from their premises. The transport commissioner, as chairman of the State Transport Authority, has invoked powers under Section 68(4) of the Motor Vehicles Act, directing Regional Transport Authorities (RTAs) to seize unpermitted private vehicles and prohibit the use of unfit ones. District magistrates have been asked to initiate derecognition proceedings against erring schools and activate regular meetings of District School Vehicle Transport Safety Committees. RTAs and ARTOs have been instructed to carry out regular inspections and ensure strict compliance, including police verification of all drivers and attendants. School principals and managements of institutions have been reminded of their legal responsibility for every vehicle operating from their campuses and directed to form mandatory School Transport Safety Committees. Reaffirming the department's stance, transport commissioner Singh said, 'There will be zero tolerance for negligence or violation in the operation of school vehicles. The safety of children is our absolute priority. Stringent legal actions will be taken against those violating the rules.'
News18
03-07-2025
- Business
- News18
SEBI Opens Special Six-Month Window For Physical Share Transfers Missed Earlier
Last Updated: For those who still have physical share certificates, SEBI has decided to open a six-month window to enable the transfer of such securities SEBI In a significant relief to investors, the Securities and Exchange Board of India (SEBI) has announced a special six-month window — from July 7, 2025, to January 6, 2026 — for re-lodging transfer deeds of physical shares that were submitted before April 1, 2019 but were either rejected or returned due to deficiencies. The move comes after SEBI received several representations from shareholders, Registrars and Transfer Agents (RTAs), and listed companies, stating that many investors could not meet the earlier cut-off date of March 31, 2021. After consultation with its Panel of Experts, SEBI decided to offer this one-time opportunity to protect investor interests and improve the ease of investing. During this special window, all such re-lodged shares — including pending requests already with RTAs or companies — will only be processed in dematerialised form. SEBI has directed listed companies and RTAs to ensure compliance with all applicable regulations during this process. In addition, SEBI has mandated that stock exchanges, RTAs, and listed companies publicise the special window every two months through print and social media channels to reach all potentially affected shareholders. Dedicated teams must be set up to manage these requests, and monthly progress reports — detailing investor outreach and processed applications — must be submitted to SEBI. The move is part of SEBI's broader push toward modernising India's capital markets by phasing out physical shareholding and promoting digital ownership. In a separate update, SEBI has also mandated the adoption of a Common Contract Note (CCN) with a Single Volume Weighted Average Price (VWAP), effective June 27, 2025. This aims to simplify post-trade processing for institutional investors, who previously received multiple trade confirmations from different exchanges, leading to reconciliation and settlement challenges. The new mechanism is expected to streamline operations and improve efficiency across market participants. First Published: July 03, 2025, 08:09 IST
Hans India
02-07-2025
- Business
- Hans India
SEBI opens 6-month special window for re-lodgement of transfer deeds from July 7
Mumbai: In order to facilitate ease of investing and to secure investors' rights, capital market regulator Securities and Exchange Board of India (SEBI) on Wednesday decided to open a special window only for re-lodgement of transfer deeds, lodged before April 1, 2019 deadline, and were either returned, rejected or not attended due to deficiency in the documents or other reasons. The window will be open for 6 months-starting from July 7, 2025, to January 6, 2026. "During this period, the securities that are re-lodged for transfer shall be issued only in demat mode," the market regulator said in a circular. The market watchdog asked listed companies, RTAs and Stock Exchanges to advertise the opening of this special window through various media, including print and social media, on a bimonthly basis during the six-month period. "This issue was discussed in a Panel of Experts, which included RTAs, listed companies, and legal experts. Based on the discussion, the panel recommended that to alleviate the issue faced by the investors that missed the March 31, 2021, deadline for re-lodgement, one more opportunity may be granted for them to re-lodge such shares for transfer," the market regulator said in a statement. Notably, the transfer of securities in physical mode was discontinued with effect from April 1, 2019. Subsequently, the market regulator clarified that transfer deeds lodged prior to the deadline and rejected or returned due to a deficiency in the documents may be re-lodged with the requisite documents. Later, March 31, 2021, was fixed as the cut-off date for re-lodgement of transfer deeds. The decision came after the SEBI received requests from investors as well as RTAs and listed companies who had missed the timelines for re-lodging their documents for transfer of securities. Meanwhile, last month, the market regulator introduced key reforms to enhance the efficiency, inclusivity, and investor-friendliness of Indian financial markets. These decisions were approved during SEBI's board meeting chaired by Tuhin Kanta Pandey on June 18.
Economic Times
02-07-2025
- Business
- Economic Times
Sebi opens 6-month special window for investors to re-lodge rejected physical share transfer deeds
Sebi has opened a six-month window from July 7, 2025, for investors to re-lodge rejected share transfer deeds lodged before April 1, 2019. It also mandated a Common Contract Note with single VWAP to simplify post-trade processes for institutional investors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads In a major relief for investors who missed the deadline to re-lodge transfer deeds for physical shares , the Securities and Exchange Board of India (Sebi) has announced a six-month special window from July 7, 2025, to January 6, 2026, allowing shareholders to re-lodge transfer documents that were lodged before April 1, 2019, but rejected or returned due to move comes after SEBI received numerous representations from investors, Registrars and Transfer Agents (RTAs), and listed companies highlighting that many shareholders were unable to meet the earlier cut-off date of March 31, consultations with a Panel of Experts, Sebi decided to offer another opportunity to protect investors' rights and facilitate ease of this special window, all re-lodged securities — including pending requests with companies or RTAs — must be issued only in dematerialised form. Listed companies and RTAs are required to ensure proper processing of these transfer-cum-demat requests in compliance with Sebi SEBI has directed listed companies, RTAs, and stock exchanges to actively publicise the special window every two months across print and social media to reach affected teams must be set up by RTAs and listed firms to handle these requests, and detailed monthly reports covering publicity efforts and re-lodged shares must be submitted to initiative, issued under the powers granted to SEBI by the SEBI Act and relevant regulations, aims to protect investors' interests and ensure the orderly transition from physical to dematerialized securities, furthering the regulator's efforts to modernize and secure India's capital another news, the market regulator mandated the use of a Common Contract Note (CCN) with a Single Volume Weighted Average Price (VWAP) effective June 27, 2025. This move comes with a view to simplify post-trade processes and boost ease of doing business for institutional now, institutional investors and market participants were burdened with separate trade confirmations from each exchange, leading to cumbersome reconciliation, settlement complexities, and increased compliance to long-standing demands from industry stakeholders, regulators, in collaboration with exchanges and clearing corporations, developed a single consolidated contract note mechanism with a uniform VWAP.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
02-07-2025
- Business
- Time of India
Sebi opens 6-month special window for investors to re-lodge rejected physical share transfer deeds
In a major relief for investors who missed the deadline to re-lodge transfer deeds for physical shares , the Securities and Exchange Board of India (Sebi) has announced a six-month special window from July 7, 2025, to January 6, 2026, allowing shareholders to re-lodge transfer documents that were lodged before April 1, 2019, but rejected or returned due to deficiencies. The move comes after SEBI received numerous representations from investors, Registrars and Transfer Agents (RTAs), and listed companies highlighting that many shareholders were unable to meet the earlier cut-off date of March 31, 2021. Following consultations with a Panel of Experts, Sebi decided to offer another opportunity to protect investors' rights and facilitate ease of investing. During this special window, all re-lodged securities — including pending requests with companies or RTAs — must be issued only in dematerialised form. Listed companies and RTAs are required to ensure proper processing of these transfer-cum-demat requests in compliance with Sebi regulations. Additionally, SEBI has directed listed companies, RTAs, and stock exchanges to actively publicise the special window every two months across print and social media to reach affected investors. Live Events Dedicated teams must be set up by RTAs and listed firms to handle these requests, and detailed monthly reports covering publicity efforts and re-lodged shares must be submitted to SEBI. This initiative, issued under the powers granted to SEBI by the SEBI Act and relevant regulations, aims to protect investors' interests and ensure the orderly transition from physical to dematerialized securities, furthering the regulator's efforts to modernize and secure India's capital markets. In another news, the market regulator mandated the use of a Common Contract Note (CCN) with a Single Volume Weighted Average Price (VWAP) effective June 27, 2025. This move comes with a view to simplify post-trade processes and boost ease of doing business for institutional investors. Until now, institutional investors and market participants were burdened with separate trade confirmations from each exchange, leading to cumbersome reconciliation, settlement complexities, and increased compliance headaches. Responding to long-standing demands from industry stakeholders, regulators, in collaboration with exchanges and clearing corporations, developed a single consolidated contract note mechanism with a uniform VWAP.
