REFUND OF EXCESS FEES PAID BY STOCK BROKERS TO SEBI - SEBI - SMD/DBA-II/Cir- 09/2002

Circulars DEPUTY GENERAL MANAGER SECONDARY MARKET DEPARTMENT SMD/DBA-II/Cir- 09 /2002 April 23, 2002 The Executive Directors / Managing Directors All Stock Exchanges Dear Sir / Madam, SUB: REFUND OF EXCESS FEES PAID BY STOCK BROKERS TO SEBI We have been receiving requests from Exchanges/ brokers for refund of excess fees paid by stock brokers to SEBI. All Exchanges are advised to inform their members that request for refund of excess fee would be processed only if the member concerned has paid excess over the fees and interest payable. Further, requests by members for refund of excess fees should be routed through the concerned Exchange and should be accompanied by statement of turnover duly computed and certified by the concerned Exchange in the format specified in Annex- C of circular no.SMD/Policy/Cir-07/2002 dated March 28, 2002 and forwarded in hard soft copy format as per the said circular and fee liability duly computed as per format enclosed herewith. The Exchange should ensure before forwarding the application for refund that the member has paid excess over the fees and interest payable by the concerned member to SEBI as per the SEBI (Stock Brokers and Sub-brokers) Regulations 1992 amended as on February 20, 2002 and circular no.SMD/Policy/Cir-07/2002 dated March 28, 2002. Applications not accompanied by the above mentioned statements duly certified by the stock Exchange shall be returned to the Exchange for resubmission with necessary statements/ details. Yours faithfully, PARAG JAIN Fee liability computation of members Member s name : Member s trade name : Member s SEBI Registration number : (as appearing on the SEBI Registration certificate) Name of the Stock Exchange : Financial Year Fees on Jobbing turnover, if any Fees on PSU bonds/ Govt. securities turnover, if any Fees on Other debt market turnover, if any Fees on Carry-forward turnover less off- setting entries (if included), if any Fees on Off-market turnover, if any Fees on Other turnover, if any Fees payable (1) (2) (3) (4) (5) (6) (7) (1)+(2)+(3)+(4)+(5)+(6)+(7) Rs. Rs. Rs. Rs. Rs. Rs. Rs. Total Fees Payable Rs. Less Fees Paid, if any, Rs. Balance Fees Payable Rs. For...........................Stock Exchange Authorised Signatory