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.
| 