“ share transfer agent” means any person who maintains the record of holders of securities and deals with all matters connected with the transfer or redemption of securities or activities incidental thereto;’ (section 65(95a) of the Finance Act, 1994)
“ taxable service” means any service provided or to be provided to any person, by a share transfer agent, in relation to securities (section 65(105)(zzzj))
The value of taxable service shall be the gross amount charged by the service provider for providing such service and the money value of any other consideration ( if any) received for providing such service.
Scope of Service:
A person who provides service to a body corporate. The services include maintenance of the record of holders of securities and dealing with all matters connected with transactions or redemption of securities.
The service providers are required to be registered under SEBI Rules.