Time frame for payment of atleast 50% of the principal fees payable by stock brokers

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..... pal fees payable by stock brokers Subsequent to the judgement of the Hon'ble Supreme Court dated February 01, 2001 all Exchanges were advised vide letter dated March 19, 2001 to inform their members to pay fees based on turnover, payable under Regulation 10 of SEBI ( Stock Brokers & Sub-Brokers ) Regulations 1992 immediately. Further as directed by the Hon'ble Supreme Court in the said judgement .....

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..... that those brokers, who had not paid fees, should pay atleast 50% of the principal due in the cash market and give an undertaking to pay the balance fees within a period of two years along with interest in the format as given in the Annexure C of the said circular. Exchanges are advised to inform their members that the facility of payment of 50% of principal fees payable by them in conformity wit .....

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