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TMI BlogThe Securities and Exchange Board of India (Merchant Bankers) (Second Amendment) Regulations, 2006X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 (Merchant Bankers) Regulations, 1992, Schedule IV shall be substituted with the following, namely:-- SCHEDULE IV Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992 [Regulation 24A] 1. There shall be charged on every draft offer document submitted by a merchant banker to the Board, a fee at the following rates: I. For a period of one year from the commencement of the Securities and Exchange Board of India (Merchant Bankers) (Second Amendment) Regulations, 2006 A. Public Issues Size of the issue, including int ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sue, including intended retention of over subscription Amount/Rate of fees Less than or equal to two crores rupees A flat charge of ten thousand rupees (Rs. 10,000) More than two crores rupees and less than or equal to five hundreds crores rupees 0.05 per cent of the issue size More than five hundreds crores rupees A flat charge of twenty five lakhs rupees (Rs. 25,00,000) 2. The fees under clause 1 shall be paid by the merchant banker to the Board while submitting the draft offer document under regulation 24. 3. In a case where the issue size is not determined at the time of submission of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 28, 1995 by Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 1995 vide No. S.O. 939 (E); (c) on June 6, 1996 by Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1996 vide F. No. SEBI/LE-I/9/95; (d) on December 9, 1997 by Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1997 vide No. S.O. 837 (E); (e) on January 21, 1999 by Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1999 vide No. S.O. 74 (E); (f) on September 30, 1999 by Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 1999 vide No. S.O. 799 (E); (g) on November 17, 1999 by Securities and Excha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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