Regulation 11 - Regulatory fee - Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

Regulatory fee 11. 1 [ (1) Every recognised stock exchange shall be charged, a regulatory fee payable to the Board, at such rates and within such time as is mentioned in sub-regulation (2) and sub-regulation (3). ] 2 [ 5 [ (2) A recognised stock exchange shall pay to the Board, within fifteen days from the end of each month, the amount provided in Part A of Schedule-III to these regulations on its annual turnover for the financial year till the end of that month, after adjusting any regulatory fee already paid in that financial year: Explanation : For the purpose of this sub-regulation, the expression annual turnover shall mean the aggregate value of the transactions, excluding turnover on agricultural commodity derivatives, which took place on the recognised stock exchange during the relevant financial year: Provided that the recognized stock exchanges shall also pay, within fifteen days from the end of the financial year, a flat regulatory fee of one lakh rupees on the aggregate value of the transactions on agricultural commodity derivatives. ] (3) A recognised stock exchange shall also pay to the Board, within fifteen days form the end of each 6 [ month ] , an amount equal to ten per cent of the aggregate of listing fees collected from the issuers whose securities are listed on it, during that 7 [ month ] : 8 [ **** ] Explanation: For the purposes of this sub-regulation, the expression listing fees shall mean all fees collected by a recognised stock exchange from any company or other entity whose securities are listed thereon, towards listing of such securities. 4 [ (4) The fee mentioned in sub-regulation (2) and sub-regulation (3) shall be paid by a recognized stock exchange by way of direct credit into the bank account through NEFT/RTGS/IMPS or online payment using the SEBI Payment Gateway or any other mode as may be specified by the Board from time to time, and the intimation of remittance shall be forwarded along with the statement of computation of the fee. ] (5) The statement of computation of fees mentioned in sub-regulation (4) shall be certified to be correct by a chartered accountant. (6) Every recognised stock exchange shall maintain such registers and furnish such returns or information to the Board in respect of its annual turnover, the listing fees collected by it and the fee paid or payable under these regulations, as may be specified by the Board. (7) Without prejudice to sub-regulation (6), a recognised stock exchange shall also be liable to furnish such information or explanations to the Board as may be required in respect of the regulated functions and the fee paid or payable under this regulation. (8) Where due to the default of the recognised stock exchange, any fee which was liable to be paid under sub-regulation (2) and sub-regulation (3) remains unpaid or is paid belatedly or is short-paid, it shall, without prejudice to any other action that may be taken under the Act, rules or regulations, pay an interest of fifteen per cent per annum on the amount remaining unpaid or belatedly paid or short-paid, for every month of delay or part thereof to the Board. ] 3 [ (9) ] Every recognised clearing corporation shall pay the regulatory fee as the Board may specify. ************ NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/12 dated 23-03-2021 before it was read as (1) Every recognised stock exchange shall pay the regulatory fee in terms of Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges) Regulations, 2006. 2. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/12 dated 23-03-2021 3. Re-Numbered vide Notification No. SEBI/LAD-NRO/GN/2021/12 dated 23-03-2021 before it was read as (2) 4. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/121 dated 07-02-2023 w.e.f. 01-04-2023 before it was read as, (4) The fee mentioned in sub-regulation (2) and sub-regulation (3) shall be paid by a recognised stock exchange by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI or by means of a demand draft drawn in favour of Securities and Exchange Board of India , payable at Mumbai and the intimation of remittance or the demand draft, as applicable, shall be forwarded along with the statement of computation of the fee. 5. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/174 dated 10-05-2024 before it was read as, (2) A recognised stock exchange shall pay to the Board, based on its annual turnover, an amount specified under Part A of Schedule -III of these regulations within thirty days of the conclusion of the relevant financial year: Explanation: For the purposes of this sub-regulation, the expression annual turnover shall mean the aggregate value of the transactions, excluding turnover on agricultural commodity derivatives, which took place on the recognised stock exchange during the relevant financial year: Provided that the recognized stock exchanges shall pay a flat regulatory fee of one lakh rupees on aggregate value of the transactions on agricultural commodity derivatives. 6. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/174 dated 10-05-2024 before it was read as, quarter of a financial year 7. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/174 dated 10-05-2024 before it was read as, quarter 8. Omitted vide Notification No. SEBI/LAD-NRO/GN/2024/174 dated 10-05-2024 before it was read as, Provided that the fees due under sub-regulation (3) in respect of the last quarter of a financial year may be paid within thirty days of conclusion of the quarter, together with the fees due under sub-regulation (2).