CorporateCases

Are the Registrars & Transfer Agents of Companies like Tata Steel, Titan Company, TCS, Reliance Industries etc. authorised to dictate the shareholders to submit affidavits, bonds etc. for Non-Judicial stamp papers from Rs. 100 to 500? Under what law, power they ask for? Also different RTAs are demanding different value of stamp papers.
In matters of variation of signature of shareholders after many years, they do not accept the bank attestation or the DP's records and demand fresh affidavit as new signature. Can anybody sign the same way after many years, or same signature on same day?
These are the issues relating to shareholder services. Instead of facilitating the investors some RTAs consider their word as final law. Who is the appropriate authority to order them to behave?

I have in fact complained in this matter to SEBI. Given the fact that SEBI has made it mandatory to demat shares for making them tradable, standardisation of procedure by R&T agents should have been done. One instance of this anarchy is the question of stamp duty where it is made Rs.100 without any logic. For instance I am a resident of Delhi and the applicable stamp duty is Rs.10. And to insist that these should be notarised is putting another burden on investors. For each attestation they are charging Rs.250. When government of India has revised their procedure to have self attestation why affidavits and why notarisation ??
Then the question of joint holding. To take care of unfortunate events joint holding of family members was taken. To insist that removing the name of a joint holder is a case of transfer, which has tax implication and not to mention the stamp duty issues is absurd. If the joint holder is willing to become a nominee, which was the intent of having a joint holding to start with, it will be far convenient