9911796707
TMI BlogFeesX X X X Extracts X X X X X X X X Extracts X X X X ..... ss of rupees one crore for each financial year; 1 [(bb) Notwithstanding anything contained in clause (b) it is clarified that the fee shall be recoverable as computed as under : (i) in respect of jobbing transactions that is to say all transactions which are squared off during the same day which have not been undertaken by the broker on behalf of clients, the fees shall be computed at the rate of one two hundredth of one per cent in respect of the sale side of such transactions; (ii) in respect of transactions in Government securities, the bonds issued by any Public Sector Undertaking and the units traded in a similar manner, the fee payable shall be computed at the rate of one thousandth of one per cent of the turnover; (iii) in case of ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g financial years, on or before the first day of October of the financial year to which such payment relates, and such fees shall be computed with reference to the annual turnover relating to the preceding financial year. 3. Every remittance of fees referred to in clauses (a) and (b) of paragraph 1, shall be accompanied by a certificate as to the authenticity of turnover on the basis of which fees have been computed duly signed by the stock exchange of which the stock broker is a member or by a qualified auditor or as defined in section 226 of the Companies Act, 1956. Explanation.-For the purpose of paragraphs 1, 2 and 3, annual turnover means the aggregate of the sale and purchase prices of securities received and receivable by the stock b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... turnover based fees plus fee for a block of five years in accordance with the regulations, on the concerned stock exchange which has formed the subsidiary company.] 6 [5. If a stock broker fails to remit fees in accordance with Paragraphs 1 and 2, he shall be liable to pay interest at 15% per annum for each month of delay or part thereof : Provided that the liability to pay interest as aforesaid may be in addition to any other action which the Board may take as deemed fit against the stock broker under the Act, or the Regulations : Provided further that if the liability of the stock broker on account of payment of interest works out to be ₹ 100 or less the same may be waived off by the Board taking into consideration the administrativ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd Mode of Payment) (Amendment) Regulations, 2017, w.e.f. 6-3-2017 10 Substituted for the word Bombay by the SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017, w.e.f. 6-3-2017 11 Substituted by the SEBI (Stock Brokers and Sub-brokers) (Second Amdt.) Regulations,2013 w.e.f 27.09.2013. Prior to substitution Clause IV read as- IV. Non-applicability to stock brokers governed by Schedule IIIA. The provisions of this Schedule shall not apply to stock brokers to whom Schedule III-A applies, from the time when it becomes so applicable.] 12. Omitted vide Notification No. SEBI/LAD-NRO/GN/2018/27 dated 30-07-2018 w.e.f. 01-04-2019 before it was read as 7 [Fees to be paid by sub-brokers II. Every sub-broker shall pay fees in the ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
