N O T I C E
Dated: 3rd April, 2019
Trading Members are hereby informed that Exchange has received a
notification from SEBI vide its notification ref. No. SEBI/L.A.D.-N.R.O./G.N./2019/03 dated 22nd March 2019 regarding
payment of revised SEBI Turnover fees w.e.f. April 3,
2019 by amending the SECURITIES AND
EXCHANGE BOARD OF INDIA (PAYMENT OF FEES) (AMENDMENT) REGULATIONS, 2019. The contents of the said notification are reproduced hereunder for
information of trading members.
Quote: -
SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION
Mumbai, the 22nd March
2019
SECURITIES AND EXCHANGE BOARD OF INDIA (PAYMENT OF
FEES) (AMENDMENT) REGULATIONS, 2019
No. SEBI/L.A.D.-N.R.O./G.N./2019/03.- In exercise of the powers conferred by section 30 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 (Stock Brokers and Sub-brokers) Regulations, 1992, Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges) Regulations, 2006, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, namely,-
1. These
Regulations may be called the Securities and Exchange Board of India (Payment
of Fees) (Amendment) Regulations, 2019.
2. They shall come
into force with effect from April 01, 2019.
Amendments to the
Securities and Exchange Board of India (Stock Brokers and Sub- brokers)
Regulations, 1992
3.
In the
Securities and Exchange Board of India (Stock Brokers and Sub-brokers) Regulations, 1992,-
(i)
in Schedule V, in Part B relating
to CHARGE OF FEES, in clause 3 in sub- clause (1), the table shall be
substituted with the following, namely,-
|
Segment |
Rate / Amount (in |
Remarks |
||
|
Stock Broker |
Clearing member |
Self- clearing member |
||
|
Cash |
0.00010 per cent of his
turnover ( |
* |
* |
All sale and purchase
transactions in securities other than debt securities. |
|
Equity derivatives |
0.00010 per cent of his turnover (
|
50,000/- |
50,000/- |
Explanation.—(A) The expression
‘turnover’ shall include the value of the trades executed by the stock broker on the
concerned segment of the recognized stock
exchange and of the trades
settled on the expiration of the contracts. (B) In case of options contracts, ‘turnover’ shall be computed on the basis of premium traded for the option contracts and in case where the
option is exercised or assigned, it shall be additionally computed on the basis of notional value of option contracts exercised or assigned. |
|
Currency derivatives |
0.00010 per cent of his turnover (
|
50,000/- |
50,000/- |
|
|
Interest
rate derivatives |
0.00005 per cent of his turnover ( |
50,000/- |
50,000/- |
|
|
Commodity derivatives |
0.00010 per cent of his turnover (
|
50,000/- |
50,000/- |
Explanation.— [(A)]
The expression ‘turnover’ shall include the value of the trades
executed by the stock broker on the concerned recognized |
|
Agricultural commodity derivatives |
0.00001 per cent of his turnover (
|
|
|
stock exchange
and of the trades settled on the
expiration of the contracts. [(B) In case of options contracts, ‘turnover’ shall be computed on the basis of premium traded for the option contracts and in case where the
option is exercised or assigned, it shall be additionally computed on the basis of notional value of option contracts exercised or assigned.] |
|
Debt |
0.00002 per cent of his turnover ( Explanation.— For the purpose of this clause, the expression
‘turnover’ shall include the aggregate
value of the trades executed, including both sale and purchase
transactions, by the stock broker
including the proprietary trading member on the debts segment of the recognized stock exchange. |
50,000/- |
50,000/- |
The fee shall not be applicable for clearing member or
self-clearing member in case the said clearing member or self- clearing member is already a
clearing member or self-clearing member in any other segment and is paying
fee, as specified in this Part, for such segment. |
Amendments to
the Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges)
Regulations, 2006
4.
In the
Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges)
Regulations, 2006,-
(i)
in regulation 4, in sub-regulation
(1), in the table, Sl. No. 5 shall be substituted with the following, namely,-
|
Sl. No. (1) |
Annual Turnover (Rupees in
crores) (2) |
Amount of fee (Rs.) (3) |
|
5. |
More than 10,00,000 |
cent of the annual turnover in excess of |
Amendments to the
Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2018
5.
In the
Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2018, in Schedule III, in clause (2),-
(i)
in sub-clause (a), the table shall be substituted
with the following, namely,-
|
Size of the
issue, including intended retention of oversubscription |
Amount / Rate of fees for fresh filing |
Amount
/ Rate of fees for filing within one year after expiry of SEBI Observation
letter |
|
Less than or equal to ten crore rupees. |
A flat charge of one lakh rupees ( |
A flat charge of fifty thousand rupees ( |
|
More than ten crore
rupees, but less than or equal to five
thousand crore rupees. |
0.1 per cent of the issue size. |
0.05 per cent
of the issue size. |
|
More than five thousand crore rupees. |
Five crore rupees ( |
Two crore fifty lakh rupees ( per cent. of
the portion of the issue size in
excess of five thousand crore rupees ( |
(ii)
/in sub-clause (b), the table shall be substituted
with the following, namely,-
|
Size of
the issue, including intended retention of oversubscription |
Amount / Rate of fees for fresh filing |
Amount / Rate of fees for filing within one year after expiry of SEBI
Observation letter |
|
Less than or equal to ten crore rupees |
A flat charge of fifty thousand rupees ( |
A flat charge of twenty five thousand rupees
( |
|
More than ten crore rupees |
0.05 per cent of the issue
size. |
0.025 per cent of the issue size. |
Sd/- AJAY TYAGI
CHAIRMAN
SECURITIES AND EXCHANGE BOARD OF INDIA
Unquote: -
Trading Members are requested to take note of the
aforesaid guidelines of SEBI .
Dhiraj Chakraboty
Deputy General Manager