Regulation 44 - Consequences of Default in Payment of Regulatory Fees
Securities and Exchange Board of India (Stock Brokers) Regulations, 2026 Chapter IX PAYMENT OF FEES BY STOCK BROKERS/CLEARING MEMBERS/SELF- CLEARING MEMBERS
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Stock broker fee defaults trigger 1% monthly interest, Board recovery powers, and information obligations from members. Regulation 44 preserves the primary liability of stock brokers, clearing members and self-clearing members to pay regulatory fees and confirms the Board's power to recover unpaid fees directly. It mandates a 1 per cent per month interest penalty for fees unpaid or paid late due to a broker's or member's default, without prejudice to other enforcement actions, and requires brokers and members to furnish information or explanations to the Board regarding fees paid or payable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Stock broker fee defaults trigger 1% monthly interest, Board recovery powers, and information obligations from members.
Regulation 44 preserves the primary liability of stock brokers, clearing members and self-clearing members to pay regulatory fees and confirms the Board's power to recover unpaid fees directly. It mandates a 1 per cent per month interest penalty for fees unpaid or paid late due to a broker's or member's default, without prejudice to other enforcement actions, and requires brokers and members to furnish information or explanations to the Board regarding fees paid or payable.
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