Registrar and share transfer agents must pay SEBI-prescribed application, registration and periodic renewal fees and use online payment. Registrars to an issue and share transfer agents must pay a non-refundable application fee of twenty thousand rupees with the registration application, a registration fee of six lakh rupees within fifteen days of notice on grant, and a periodic renewal fee of two lakhs and seventy thousand rupees every three years from the sixth year. The periodic fee is payable one month before the expiry of the paid block; prior registrants may remain under the existing block or pay the differential fee pro rata to meet new definitions. All fees must be paid by direct credit through the SEBI payment gateway.