Amendment to Circular on issue of Certified copies of Orders and Circulars
Summary
SEBI amends its 2019 Circular to eliminate demand drafts for fees related to certified copies of orders and circulars. The revised procedure mandates electronic payments via NEFT, RTGS, IMPS, or online gateways with specific confirmation details required. These modifications apply immediately under the powers conferred by Section 11(1) of the SEBI Act, 1992.
Text
A non-refundable fee of ₹ 50/- per order or circular or ₹ 5/- per page, whichever is higher, shall be charged as fees for each certified copy. The same shall be paid along with the application or subsequently within such time as may be informed to the applicant, by way of direct credit in the bank account of the Board through NEFT/RTGS/IMPS or online payment using the SEBI payment gateway or any other mode as may be specified by SEBI from time to time.
The confirmation of payments made electronically through NEFT/RTGS/IMPS modes or online payment using the SEBI payment gateway should be sent to the concerned department and also to e- mail id:- tad@sebi.gov.in in the format as given below: (i) Name of payer: (ii) Date of payment: (iii) Amount Paid: (iv) Transaction no: (v) Name of the Bank in which payment is made: (vi) IFSC Code: (vii) Virtual Account Code: (viii) Purpose: (ix) Whether registered with GST: (x) If Yes, GST number:
All other provisions of the 2019 Circular shall continue to remain same.
This circular is issued in exercise of powers conferred under sub-section (1) of section 11 of the Securities and Exchange Board of India Act, 1992 and shall come into force with immediate effect.
Source: SecMarx — Amendment to Circular on issue of Certified copies of Orders and Circulars. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.