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of <h1>Stock Exchanges Must Pay Monthly Regulatory Fees to SEBI Under Regulation 11; 15% Penalty for Late Payments.</h1> Regulation 11 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 mandates recognized stock exchanges to pay a regulatory fee to the Securities and Exchange Board of India (SEBI). The fee is calculated based on the annual turnover, excluding agricultural commodity derivatives, and must be paid monthly. Additionally, a flat fee is imposed on agricultural derivatives, and a percentage of listing fees collected from issuers is also payable. Payments are made electronically, and exchanges must maintain records and provide information to SEBI. Delays or defaults in payment incur a 15% annual interest penalty. Recognized clearing corporations are also required to pay fees as specified by SEBI.
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