SCHEDULE - II - FEES - Securities and Exchange Board of India (Underwriters) Regulations, 1993

SCHEDULE II Securities and Exchange Board of India (Underwriters) Regulations, 1993 [Regulation 12] FEES 1 [1. Every underwriter shall pay fee of thirteen lakh thirty three thousand and three hundred rupees at the time of grant of certificate of 2 [***] registration. 1A. 3 [***] 2. 4 [An underwriter who has been granted a certificate of registration, to keep its registration in force, shall pay fee of five lakh rupees every three years from the sixth year from the date of grant of certificate of registration or from the date of grant of certificate of initial 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.] 5 [2A. The fee specified in paragraph 2, shall be paid three months prior to the expiry of the period for which the fees has been paid.] 6 [3. (a) The fee referred to in paragraph 1 shall be paid by the underwriter within fifteen days from the date of receipt of intimation from the Board under regulation 8. 7 [(aa) The fee referred to in paragraph 1A shall be paid by the underwriter within a period of three months before completion of the period of three years from the date of grant of certificate of 8 [***] registration, or within a period of three months from the date of notification of these regulations, as the case may be.] 9 [(b)***] 10 [3A. The non-refundable fee payable along with an application for registration under sub-regulation (1A) of regulation 3A shall be a sum of twenty-five thousand rupees.] 11 [4. The fees specified in 12 paragraphs 13 [1, 14 [***] 2 and 3A]] shall be payable by the Underwriter 15 [by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI or] by a demand draft in favour of Securities and Exchange Board of India payable at Mumbai or at the respective regional office.] ******* 1 Substituted by the SEBI (Underwriters) (Amendment) Regulations, 2011, w.e.f. 5-7-2011. Prior to substitution, paragraph 1 and 2 amended by SEBI (Underwriters) (Amendment) Regulations, 1999, w.e.f. 30-09-1999 and by SEBI(Payment of Fees) (Amendment) Regulations, 1995, w.e.f. 28-11-1995 respectively, read as under: 1. Every underwriter shall pay a sum of ten lakh rupees as registration fees at the time of the grant of certificate by the Board. 2. Every underwriter to keep registration in force shall pay renewal fee of five lakh rupees every three years from the fourth year from the date of initial registration. 2 The word initial omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. 3 Omitted by 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 1A read as under: 1A. An underwriter referred to under sub-regulation (3) of regulation 8 shall pay fee for the remaining period of two years on pro rata basis to the fee prescribed under paragraph 2. 4 Substituted by 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. An underwriter who has been granted a certificate of registration, to keep its registration in force, shall pay fee of five lakh rupees every three years from the sixth year from the date of grant of certificate of registration or from the date of grant of certificate of initial 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. 5 Inserted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. 6 Substituted by the SEBI (Underwriters) (Amendment) Regulations, 1999, w.e.f. 30-9-1999. 7 Inserted by the SEBI (Underwriters) (Amendment) Regulations, 2011, w.e.f. 5-7-2011. 8 The words initial omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. 9 Omitted bye 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 (b) as substituted by the SEBI (Underwriters) (Amendment) Regulations, 2011, w.e.f. 5-7-2011 read as under: (b) The fee referred to in paragraph 2 shall be paid by the underwriter, at the time of grant of permanent registration, within fifteen days from the date of receipt of intimation from the Board under sub-regulation (6) of regulation 8A and thereafter the fee shall be paid three months before expiry of the block for which fee has been paid. Prior to substitution by the SEBI (Underwriters) (Amendment) Regulations, 2011, w.e.f. 5-7-2011., it read as under: (b) The fee referred to in paragraph 2 shall be paid by the underwriter within fifteen days of receipt of intimation from the Board disposing of the application for renewal made under sub-regulation (1) of regulation 9. 10 Substituted by 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 3A as inserted by the SEBI (Underwriters) (Amendment) Regulations, 2006, w.e.f. 7-9-2006. 3A. The non-refundable fee payable along with an application for registration under sub-regulation (1A) of regulation 3A or an application for 73[permanent registration under sub-regulation (1) or sub-regulation (2) of regulation 8A] shall be a sum of twenty-five thousand rupees. Also, the words permanent registration under sub-regulation (1) or sub-regulation (2) of regulation 8A were substituted for the words and figures renewal of registration under subregulation (1A) of regulation 9 by the SEBI (Underwriters) (Amendment) Regulations, 2011, w.e.f. 5-7-2011. 11 Substituted by the SEBI (Underwriters) (Amendment) Regulations, 1999, w.e.f. 30-9-1999. Earlier paragraph 4 was substituted by SEBI(Payment of Fess)(Amendment Regulations, 1995, w.e.f.28-11-1995. 12 Substituted for paragraphs 1 and 2 by the SEBI(Underwriters) (Amendment) Regulations, 2006, w.e.f. 7-9-2006. 13 Substituted for word and figures 1, 2 and 3A by the SEBI (Underwriters) (Amendment) Regulations, 2011, w.e.f. 5-7-2011. 14 The words 1A, were omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. 15 Inserted by the SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017, w.e.f. 6-3-2017