SCHEDULE - II - PAYMENT OF FEES APPLICABLE TO FOREIGN PORTFOLIO INVESTOR - Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014

Issued on behalf of Securities and Exchange Board of India SECOND SCHEDULE PART A PAYMENT OF FEES APPLICABLE TO FOREIGN PORTFOLIO INVESTOR [See regulation 3 and regulation 7(3)] Conversion Fee (1) A foreign institutional investor or sub-account who has been granted registration by the Board prior to the commencement of these regulations shall be required to pay conversion fees of US $ 1000 to the Board on or before the expiry of its registration as a foreign institutional investor or sub-account, by way of electronic transfer in the designated bank account of the Board, in order to buy, sell or otherwise deal in securities under the SEBI (Foreign Portfolio Regulations), 2014. (2) However, no fee shall be payable by the applicant, which is an international/multilateral agency such as World Bank and other institutions, established outside India for providing aid, which have been granted privileges and immunities from payment of tax and duties by the Central Government. Registration Fee (3) Foreign portfolio investor belonging to Category I shall be exempted from the payment of registration fees. (4) Where many foreign portfolio investors have 6 [ direct/indirect common ownership or control ] , only one foreign portfolio investor shall be exempt from payment of registration fee under Category I and the other foreign portfolio investors shall pay registration fees as applicable to Category II, except where the 7 [ common ownership or control is of ] an international/multilateral agency such as World Bank and other institutions, established outside India for providing aid, which have been granted privileges and immunities from payment of tax and duties by the Central Government. (5) Foreign portfolio investor belonging to Category II and III shall pay registration fees, before commencement of its activity. (6) Foreign portfolio investor belonging to Category II and III shall pay registration fees of US $ 3000 and US $300, respectively or any other amount specified by the Board from time to time, for every block of three years, till the validity of its registration, by way of electronic transfer in the designated bank account of the Board. (7) The designated depository participants of the respective foreign portfolio investors shall collect the registration fees in advance once in every three years from all the foreign portfolio investors registered by it, and remit the fees to the Board in the manner prescribed by the Board from time to time. (8) Every designated depository participant shall remit the fees collected from the foreign portfolio investors during the immediate preceding month, to the Board, by 5th working day of every month, along with the details in the format, as may be prescribed from time to time. (9) Any foreign portfolio investor, whose registration fee has not been received by the Board within the prescribed time, shall not make any fresh investment. The concerned designated depository participant shall immediately block/ freeze the accounts of such foreign portfolio investors and intimate the details of such foreign portfolio investors to the Board, forthwith. PART B PAYMENT OF FEES APPLICABLE TO DESIGNATED DEPOSITORY PARTICIPANT [See regulation 11(2) and regulation 14(1) and (3)] (1) Every designated depository participant shall pay application fees and approval fees, before commencement of its activity. (2) Every designated depository participant shall pay application fees of 1 [Rs.]10,000/- at the time of making application, 2 [by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI or] by way of Demand Draft in the name of Securities and Exchange Board of India payable at Mumbai. (3) Every designated depository participant shall pay approval fees of 3 [Rs.]5,00,000/- 4 [by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI or] by way of Demand Draft in the name of Securities and Exchange Board of India payable at Mumbai, at the time of grant of prior approval by the Board. 5 [PART C COLLECTION OF REGULATORY FEES BY FOREIGN PORTFOLIO INVESTOR FROM ODI SUBSCRIBERS [See sub-regulation (5) of Regulation 22] Regulatory Fee (1) A foreign portfolio investor shall collect the regulatory fee of US $ 1000 or any other amount, as may be specified by the Board from time to time, from every subscriber of offshore derivative instrument issued by it and deposit the same with the Board by way of electronic transfer in the designated bank account of the Board. (2) The regulatory fee shall be deposited once every three years . Provided that for the block of three years beginning April 1, 2017, a foreign portfolio investor shall collect and deposit the regulatory fee within two months from the date of notification of the Securities and Exchange Board of India (Foreign Portfolio Investors) (Fourth Amendment) Regulations, 2017.] **************** NOTES:- 1 Substituted for INR by the Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017, w.e.f. 6-3-2017. 2 Ibid. 3 Substituted for INR by the Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017, w.e.f. 6-3-2017. 4 Ibid. 5 Inserted by the Securities and Exchange Board of India (Foreign Portfolio Investors) (Fourth Amendment) Regulations, 2017, w.e.f. 20-07-2017. 6. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2018 /58 dated 31-12-2018 before it was read as, common beneficial owner(s) 7. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2018 /58 dated 31-12-2018 before it was read as, beneficial owner is