Schedule-02 (Part B) - Payment of fees applicable to designated depository participant - Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019

PART B PAYMENT OF FEES APPLICABLE TO DESIGNATED DEPOSITORY PARTICIPANT [See regulation 10(2) and regulation 13(1)] (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 ₹ 10,000/- at the time of making application, by way of direct credit through NEFT/RTGS/IMPS in the bank account in the name of Securities and Exchange Board of India payable at Mumbai. (3) Every designated depository participant shall pay approval fees of ₹ 5,00,000/- by way of direct credit through NEFT/RTGS/IMPS in the bank account in the name of Securities and Exchange Board of India payable at Mumbai, at the time of grant of prior approval by the Board.