Schedule - II - Amount to be paid as Fees - Securities and Exchange Board of India (Custodian) Regulations, 1996

SECOND SCHEDULE [See regulation 7 [3(3) and 8]] SECURITIES AND EXCHANGE BOARD OF INDIA ( 9 [CUSTODIAN] ) REGULATIONS, 1996 FEES PAYABLE UNDER THE REGULATIONS 1 [PART A AMOUNT TO BE PAID AS FEES (I) Application fee Rs. 2 [5,00,000] (ii) Registration fee Rs. 3 [50,00,000] (iii) Annual fee Rs.10,00,000 or 4 [ 5 [0.0005] per cent] of the assets under custody of the 9 [ custodian ] , whichever is higher Explanation I.-For the purpose of this part, the expression assets under custody shall mean the value of the assets held by the 9 [ custodian ] as disclosed by him under sub-paragraph (4) of paragraph II. 8 [*****] ] PART B 10 [ I. The fees specified above shall be payable 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.] 6 [II. Payment of annual fee.-(1) On and from the commencement of the Securities and Exchange Board of India ( 9 [ custodian ] ) (Second Amendment) Regulations, 2006, the annual fee shall be payable with reference to each financial year, within one month of completion of the financial year. (2) A 9 [ custodian ] who is granted registration on and after the commencement of the Securities and Exchange Board of India (Custodian of Securities) (Second Amendment) Regulations, 2006, shall pay proportionate annual fee in respect of the financial year in which he was granted registration and full annual fee for every subsequent financial year during which the registration subsists. (3) A 9 [ custodian ] who is granted registration before the commencement of the Securities and Exchange Board of India ( 9 [ custodian ] ) (Second Amendment) Regulations, 2006, shall pay proportionate annual fee in respect of the financial year of such commencement and full annual fee for every subsequent financial year during which the registration subsists. Provided that any annual fee paid by a 9 [ custodian ] before the commencement of the Securities and Exchange Board of India (Custodian of Securities) (Second Amendment) Regulations, 2006, in respect of a period, the whole or part of which falls after such commencement, shall be proportionately adjusted against the amount payable under this subparagraph. (4) The payment of annual fee shall be accompanied by a statement of assets under custody which shall be in such format as may be specified by the Board and shall be certified to be true and complete by the functional head of the custody services of the 9 [ custodian ] .] ************** NOTES:- 1 Substituted by the SEBI (Custodian of Securities) (Second Amendment) Regulations, 2006, w.e.f. 31-10-2006. Prior to its substitution, Part A read as under: Application fee (Rs.) 10,000/- Registration fee for grant of certificate (Rs.) 15, 00, 000/- Annual fee (Rs.) 5,00, 000/- under custody of the custodian of securities, whichever is higher 2 Substituted for the figure 1,00,000 by SEBI (Payment of Fees) (Amendment) Regulations 2014, w.e.f. 23.05.2014. 3 Substituted for the figure 15,00,000 , ibid. 4 Substituted for 0.0005 percent by the SEBI (Payment of Fees) (Amendment) Regulations, 2009, w.e.f. 01-07-2009. 5 Substituted for the figure 0.00025 by SEBI (Payment of Fees) (Amendment) Regulations 2014, w.e.f.23.05.2014. 6 Substituted by the SEBI (Custodian of Securities) (Second Amendment) Regulations, 2006, w.e.f. 31-10-2006. 7. Substituted vide Notification No. SEBI/LAD-NRO/GN/2019/04 dated 22-03-2019 before it was read as 3(3), 8 and 9(C) 8. Omitted vide Notification No. SEBI/LAD-NRO/GN/2019/04 dated 22-03-2019 before it was read as, Explanation II.-It is clarified that no Registration fee shall be payable under clause (ii), in case of renewal of the certificate of registration. 9. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/01 dated 01-01-2019 before it was read as custodian of securities 10. 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, I. The fees specified above shall be payable by demand draft or bankers cheque in favour of The Securities and Exchange Board of India at Mumbai.