Question

All of the following are the responsibilities of the registrar EXCEPT the registrar:
A. distributes dividends, corporate reports, and voting materials
B. acts as a watchdog over the transfer agent
C. accounts for the number of shares issued and canceled
D. maintains the integrity of the record of all shareholder names

Answer 1

Answer:

(A) Distributes dividends, corporate reports, and voting materials

Explanation:

• A registrar is an official responsible for keeping a register or official records

Their duties/responsibilities include:

- Act as a watchdog over the transfer agent

- Account for the number of shares issued and canceled

- Maintain the integrity of the record of all shareholder names

It is not their responsibility to distribute dividends, corporate reports, and voting materials.