Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2009
No. LAD-NRO/GN/2009-10/11/167759 - In exercise of the powers
conferred by section 30 read with clause (k) of sub-section
(2) of section 11 of the Securities and Exchange Board of
India Act, 1992 (15 of 1992), the Board hereby makes the following
Regulations to further amend the Securities and Exchange Board
of India (Custodian of Securities) Regulations, 1996, the
Securities and Exchange Board of India (Foreign Institutional
Investors) Regulations, 1995, the Securities and Exchange
Board of India (Foreign Venture Capital Investors) Regulations,
2000, the Securities and Exchange Board of India (Mutual Funds)
Regulations, 1996 and the Securities and Exchange Board of
India (Stock Brokers and Sub-Brokers) Regulations, 1992, namely
:-
1. Short title .- These regulations may be called the Securities
and Exchange Board of India (Payment of Fees) (Amendment)
Regulations, 2009.
2. Commencement .- They shall come into force on July 01,
2009.
3. Amendment to the Securities and Exchange Board of India
(Custodian of Securities) Regulations, 1996.- In the Securities
and Exchange Board of India (Custodian of Securities) Regulations,
1996, 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.
4. Amendment to the Securities and Exchange Board of India
(Foreign Institutional Investors) Regulations, 1995.- In the
Securities and Exchange Board of India (Foreign Institutional
Investors) Regulations, 1995, in the Second Schedule, -
(i) in clause (1), for the word, mark and figure “US$
10,000”, the word, mark and figure “US$ 5,000”
shall be substituted;
(ii) in clause (2), for the word, mark and figure “US$
10,000”, the word, mark and figure “US$ 5,000”
shall be substituted;
(iii)in clause (2C), for the word, mark and figure “US$
2,000”, the word, mark and figure “US$ 1,000”
shall be substituted;
(iv)in clause (2D), for the word, mark and figure “US$
2,000”, the word, mark and figure “US$ 1,000”
shall be substituted.
5. Amendment to the Securities and Exchange Board of India
(Foreign Venture Capital Investors) Regulations, 2000.- In
the Securities and Exchange Board of India (Foreign Venture
Capital Investors) Regulations, 2000, in the Second Schedule,
for Part A the following Part shall be substituted, namely:-
“PART A
AMOUNT TO BE PAID AS FEES
Application fee US$ 2,500
Registration fee US$ 10,000”
6. Amendment to the Securities and Exchange Board of India
(Mutual Funds) Regulations, 1996.- In the Securities and Exchange
Board of India (Mutual Funds) Regulations, 1996, in the Second
Schedule, in item I, in clause D, for the figure “0.005”,
the figure “0.0020” shall be substituted.
7. Amendment to Securities and Exchange Board of India (Stock
Brokers and Sub-Brokers) Regulations, 1992.- In the Securities
and Exchange Board of India (Stock Brokers and Sub-Brokers)
Regulations, 1992, -
(i) in the Schedule IIIA, in part B, in item 3, for the table
and contents
thereof, the following shall be substituted, namely:-
“
Sl. Nature of the securities Rate of fee
No. transaction
(a) All sale and purchase transactions 0.0001 per cent of
the price at which
in securities other than debt the securities are purchased
or sold (Rs.
securities. 10 per crore)
(b) All sale and purchase transactions 0.000025 per cent of
the price at
in debt securities. which the securities are purchased or
sold (Rs. 2.5 per crore)
”
(ii) in Schedule IV, in item 2, –
(a) for the words, figure and mark “0.0002 per cent”,
the words, figure and mark “0.0001 per cent.”
shall be substituted;
(b) 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.
(iii)in Schedule IVA, in item 2, -
(a) for the words, figure and mark “0.0002 per cent”,
the words, figure and mark “0.0001 per cent.”
shall be substituted;
(b) 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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