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          <h1>SEBI Regulations 1996: Payment Process for Application, Registration, and Annual Fees for Depositories and Participants Amended in 2014.</h1> The Securities and Exchange Board of India (SEBI) Regulations, 1996, outlines the payment process for application, registration, annual charges, and fees related to depositories and participants. Sponsors or depositories must pay via demand draft or banker's cheque to SEBI in Mumbai. Participants pay fees to their respective depository, which then forwards the collected fees to SEBI using a demand draft or banker's cheque. This payment structure was amended in 2014 to include annual charges.

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