Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2009
Summary
The Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2009 were notified on June 29, 2009, to amend fee structures across five specific regulatory frameworks. These regulations came into force on July 1, 2009, and primarily involve substituting existing monetary values and percentage rates with lower figures in various schedules. The amendments target Custodians, Foreign Institutional Investors, Foreign Venture Capital Investors, Mutual Funds, and Stock Brokers.
Text
These regulations may be called the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2009.
They shall come into force on July 01, 2009.
In the Second Schedule, in part A, in clause (iii), for the figure and mark “0.0005%”, the figure and mark “0.00025%” shall be substituted.
In clause (1), for the word, mark and figure “US$ 10,000”, the word, mark and figure “US$ 5,000” shall be substituted.
In clause (2), for the word, mark and figure “US$ 10,000”, the word, mark and figure “US$ 5,000” shall be substituted.
In clause (2C), for the word, mark and figure “US$ 2,000”, the word, mark and figure “US$ 1,000” shall be substituted.
In clause (2D), for the word, mark and figure “US$ 2,000”, the word, mark and figure “US$ 1,000” shall be substituted.
In the Second Schedule, for Part A the following Part shall be substituted: Application fee US$ 2,500; Registration fee US$ 10,000.
In item I, in clause D, for the figure “0.005”, the figure “0.0020” shall be substituted.
In Schedule IIIA, part B, item 3, substitute table: All sale/purchase in securities other than debt at 0.0001 per cent (Rs. 10 per crore); All sale/purchase in debt securities at 0.000025 per cent (Rs. 2.5 per crore).
In Schedule IV, item 2, for the words, figure and mark “0.0002 per cent”, the words, figure and mark “0.0001 per cent.” shall be substituted.
For the words, figure and mark “(Rs. 20 per crore)” occurring towards the end, the words, figure and mark “(Rs. 10 per crore)” shall be substituted.
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Source: SecMarx — Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2009. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.