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          <h1>Recognized stock exchanges required to pay regulatory fees to SEBI as per regulation 4 of 2006 regulations.</h1> The Securities and Exchange Board of India (SEBI) mandates that every recognized stock exchange must pay a regulatory fee to the Board. This fee is charged starting from the commencement of the 2006 regulations and must be paid at the rates and within the time frame specified in regulation 4.

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