Rule 9 - Payment of Fees - Depositories (Appeal to Securities Appellate Tribunal) Rules, 2000

Payment of Fees 9. 1 [ (1) Every memorandum of appeal shall be accompanied with a fee as provided in sub-rule (2) and such fee may be remitted in the form of crossed demand draft drawn on any nationalized bank in favour of The Registrar, Securities Appellate Tribunal payable at the station where the registry is located. (2) The amount of fee payable in respect of appeal against adjudication orders made under the Act shall be as follows: TABLE Serial No. Amount of Penalty Imposed Amount of fees payable (1) (2) (3) (i) Less than rupees ten thousand ₹ 500 (ii) Rupees ten thousand or more but less than one lakh ₹ 1200 (iii) Rupees one lakh or more ₹ 1200 plus ₹ 500 for every additional one lakh of penalty or fraction thereof subject to a maximum of ₹ 1,50,000.] ********** 1 Substituted by the Depositories (Appeal to Securities Appellate Tribunal) (Amendment) Rules, 2005 , w.e.f. 31.1.2005. Prior to its substitution, sub-rule (1) and (2) read as under:- (1) Every appeal shall be accompanied by a fees of rupees five thousand only. (2) The amount of fees shall be remitteed in the form of crossed demand draft drawn on a nationalized bank in favour of the Registrar, Securities Appellate Tribunal payable at the station where the registry is located.