Dated: 1st July
2009
Members are hereby informed that SEBI vide its notification ref. No. LAD-NRO/GN/2009-10/11/167759 dated 29th June,2006 regarding payment of revised SEBI Turnover fees w.e.f. July 1,2009 by amending the Securities and Exchange Board of India (Stock Brokers and Sub Brokers ) Regulation1992. The relevant extract of the SEBI notification is reproduced below:-
“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:-
“
|
S1.No. |
Nature of
securities transaction |
Rate of fee |
|
(a) |
All sale and purchase transactions in securities other than debt securities. |
0.0001 per cent of the price at which the securities are purchased or sold (Rs.10 per crore) |
|
(b) |
All sale and purchase transactions in debt securities. |
0.000025 per cent of the price at 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.”
All trading members are requested to kindly take note of the same. Copy of notification published in the Gazette of India is enclosed herewith as “Annexure I”.
Yours faithfully