Schedule - II - Fees - Securities and Exchange Board of India (Research Analysts) Regulations, 2014

SECOND SCHEDULE Securities and Exchange Board of India (Research Analysts) Regulations, 2014 [See Regulation 3(2) and Regulation 9] FEES 8 [ 1. Every applicant shall pay the non-refundable application fee along with the application for grant of the certificate of registration as under: i. For individuals and partnership firms: ₹ 2,000; ii. For proxy advisory firms: ₹ 2,000; iii. For body corporates including Limited Liability Partnerships: ₹ 20,000. ] 9 [ 2. Every applicant shall pay registration fee at the time of grant of certificate of registration by the Board as under: i. For individuals and partnership firms: ₹ 3,000; ii. For proxy advisory firms: ₹ 3,000; iii. For body corporates including Limited Liability Partnerships: ₹ 30,000. ] 10 [ 3. A research analyst who has been granted a certificate of registration, in order to keep its registration in force, shall pay the following fee every five years, from the date of grant of the certificate of registration or from the date of grant of the certificate of registration prior to the commencement of the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2016 , as the case may be, within three months before the expiry of the period for which fee has been paid 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: i. For individuals and partnership firms: ₹ 1,000; ii. For proxy advisory firms: ₹ 1,000; iii. For body corporates including Limited Liability Partnerships: ₹ 5,000. ] 4 [ 7 [ The fee referred to in paragraph 2 shall be paid by the applicant within fifteen days from the date of receipt of intimation from the Board 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. ]] 5. 5 [***] 6. 6 [***] ************* NOTES:- 1 Substituted vide the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. Prior to substitution, Paragraph 1. read as under: Every individual applicant including partnership firms shall pay non-refundable application fees of five thousand rupees and others shall pay non-refundable application fees of fifty thousand rupees along with the application for grant or renewal of certificate of registration. 2 Substituted vide the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations,2016 w.e.f. 08-12-2016. Prior to substitution, Paragraph 2. read as under: 2. Applicants who are individuals or partnership firms shall pay a sum of ten thousand rupees as registration/ renewal fee at the time of grant or renewal of certificate by the Board. 3 Substituted vide the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations,2016 w.e.f. 08-12-2016. Prior to substitution, Paragraph 3. read as under: A body corporate including limited liability partnership firm shall pay a sum of five lakh rupees as registration/ renewal fee at the time of grant or renewal of certificate by the Board. 4 Substituted vide the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations,2016 w.e.f. 08-12-2016. Prior to substitution, Paragraph 4. read as under: Every applicant who is engaged in providing proxy advisory services shall pay non-refundable application fees of five thousand rupees with the application for grant or renewal of certificate of registration. 5 Omitted vide the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations,2016 w.e.f. 08-12-2016. Prior to omission, Paragraph 5. read as under: Applicants who are engaged in providing proxy advisory services shall pay a sum of ten thousand rupees as registration/ renewal fee at the time of grant or renewal of certificate by the Board. 6 Omitted vide the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations,2016 w.e.f. 08-12-2016. Prior to omission, Paragraph 6. read as under: The fee referred to in paragraph 1, 2, 3, 4 and 5 shall be paid by the applicant within fifteen days from the date of receipt of intimation from the Board by a demand draft in favor of 'Securities and Exchange Board of India' payable at Mumbai. 7. 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 referred to in paragraph 2 shall be paid by the applicant within fifteen days from the date of receipt of intimation from the Board by way of demand draft in favour of 'Securities and Exchange Board of India' payable at Mumbai or at respective regional or local office or by way of by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI 8. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/170 dated 26-04-2024 (shall come into force on the ninetieth day from the date of their publication in the Official Gazette) before it was read as, 1 [1. Every applicant shall pay non-refundable application fees along with the application for grant of certificate of registration as under: i. For individuals or partnership firms: ₹ 5000; ii. For proxy advisory firms: ₹ 5000; iii. For Body Corporate including Limited Liability Partnerships: ₹ 50000.] 9. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/170 dated 26-04-2024 (shall come into force on the ninetieth day from the date of their publication in the Official Gazette) before it was read as, 2. 2 [Every applicant shall pay registration fee at the time of grant of certificate of registration by the Board as under: i. For individuals or partnership firms: ₹ 10000; ii. For proxy advisory firms: ₹ 10000; iii. For Body Corporate including Limited Liability Partnerships: ₹ 500000.] 10. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/170 dated 26-04-2024 (shall come into force on the ninetieth day from the date of their publication in the Official Gazette) before it was read as, 3. 3 [A Research Analyst who has been granted a certificate of registration, to keep its registration in force, shall pay fee prescribed at paragraph 2 above every five years , from the date of grant of certificate of registration or from the date of grant of certificate of registration granted prior to the commencement of the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2016, as the case may be, within three months before expiry of the period for which fee has been paid.]