On Oct. 1, 2026, IND CDSL reminded RTAs that an IAR is due for the half-year ended Sep. 30, 2026, by Nov. 15, 2026, and issued the scope, objectives, mandatory contents and checklist.
The checklist adds Demat Conversion Request Form (DCRF) requirements: processing within 30 days and defacing the original certificate with securities issued in dematerialized form.
As well as a check that the previous half-yearly compliance certificate was factual.
The auditor/RTA must give the specific webpage URL for each website compliance point, such as the investor charter, not just the home page.
On Oct. 9, IND CDSL issued format for report on internal audit.
IND CDSL reminded registrar and transfer agents (RTAs) that they must conduct internal audits of depository operations every six months by a qualified professional and submit signed reports to IND CDSL.
Document dated Oct. 9, 2025, received from IND CDSL Oct. 13, summarized Oct. 15.
Submission Requirements
A duly signed internal audit report (IAR) must be furnished to the depository, covering scope, objectives, mandatory contents, and the checklist provided in annexure-A, applicable for the half year ending Sep. 30, 2025.
IAR must be submitted online by Nov. 15, 2025; late submissions will attract penalties.
Physical submissions will not be accepted and will be treated as non-submission.
Newly activated RTAs must submit audit reports covering their operations from activation to Sep. 30, 2025; audit findings, along with management comments, must be presented to the RTA’s board of directors.
At least one auditor must hold NISM Series IIA certification; reports without this will be considered invalid; auditors must verify the proper implementation of the online dispute resolution (ODR) mechanism and related website compliances.
RTAs must inform their internal auditors of these requirements and ensure strict compliance.
Effectiveness
Circular applicable for the half-year ended Sep. 30, 2025; IAR must be submitted online by Nov. 15, 2025.
In Oct. 2025, IND NSD reminded participants to audit depository operations, #251021.
Apr. 2026 Internal Audit Reminder
On Apr. 7, 2026, IND CDSL reminded RTAs that an IAR is due on Mar. 31, 2026, and issued scope, objectives, mandatory contents, and checklist for the report, as above.
A system enhancement has been incorporated in the audit application for the report; certain fields are mandatory, and details must be provided by the auditor and RTA.
RTAs activated during the half-year ended Mar. 31, 2026, should submit the IAR for the period from the date of activation till the end of the half year.
The due date for IAR submission for half year ended Mar. 31, 2026, is May 15, 2026.
Document dated Apr. 7, 2026, was received on Apr. 8 due to a fixed feed.
Oct. 2026 Report Deadline
On Oct. 1, 2026, IND CDSL reminded RTAs that an IAR is due for the half-year ended Sep. 30, 2026, by Nov. 15, 2026, and issued the scope, objectives, mandatory contents and checklist.
The checklist adds Demat Conversion Request Form (DCRF) requirements: processing within 30 days and defacing the original certificate with securities issued in dematerialized form.
As well as a check that the previous half-yearly compliance certificate was factual.
The auditor/RTA must give the specific webpage URL for each website compliance point, such as the investor charter, not just the home page.
Regulators
IND CDSL
Entity Types
Auditor; B/D; Depo; Exch
Reference
Com CDSL/AUDIT/RTA/POLCY/2026/286, 10/1/2026; Com CDSL/AUDIT/RTA/POLCY/2026/105, 4/7/2026; Com CDSL/AUDIT/RTA/POLCY/2025/265, 10/9/2025;
