Securities And Exchange Board Of India (Custodian Of Securities) (Second Amendment) Regulations, 2006.

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..... ities) (Second Amendment) Regulations, 2006. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Custodian of Securities) Regulations, 1996 - (i) after regulation 9, the following regulations shall be inserted, namely - Period of validity 9A. (1) Every certificate granted under sub-regulation (3) of regulation 8 on and after the commencement of the Securities and Exchange Board of India (Custodian of Securities) (Second Amendment) Regulations, 2006 shall be valid for a period of three years from the date of grant of registration or its renewal. (2) Every certificate granted under sub-regulation (3) of regulation 8 before the comme .....

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..... if so required by the Board; (c) the custodian of securities shall continue to fulfill all duties to the clients relating to the gold so kept with the other person, except for its physical safekeeping. (iii) in Second Schedule- a. Part A shall be substituted with the following, namely- PART A AMOUNT TO BE PAID AS FEES (i) Application fee ₹ 1,00,000/- (ii) Registration fee ₹ 15,00,000/- (iii) Annual fee Rs.10,00,000/- or 0.001% of the assets under custody of the custodian of securities, whichever is higher. Explanation I: For the purpose of this part, .....

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..... Provided that any annual fee paid by a custodian of securities before the commencement of the Securities and Exchange Board of India (Custodian of Securities) (Second Amendment) Regulations, 2006, in respect of a period, the whole or part of which falls after such commencement, shall be proportionately adjusted against the amount payable under this sub-paragraph. (4) The payment of annual fee shall be accompanied by a statement of assets under custody which shall be in such format as may be specified by the Board and shall be certified to be true and complete by the functional head of custody services of the custodian of securities. [F.No. SEBI/LAD/DOP/79054/2006] M. DAMODARAN, Chairman Footnotes: (1) The Secur .....

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