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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ges Dear Sir/ Madam, Sub: Time frame for payment of atleast 50% of the principal 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-Bro .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... legally bound to pay the fees as per the regulations, vide clause (v) of Part A of the said circular, it was also informed 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. Ex .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X