Annual issuers' custodial charges revised; depositories may levy per-folio fees with minimums and penal interest for late payment. Depositories may levy per-folio (ISIN position) custody fees from issuers subject to prescribed minimum annual fee slabs and applicable service tax; issuers must pay based on folio counts as at 31 March of the preceding financial year by 30 April each year, and depositories may charge penal interest up to 12% p.a. for late payment.
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Provisions expressly mentioned in the judgment/order text.
Annual issuers' custodial charges revised; depositories may levy per-folio fees with minimums and penal interest for late payment.
Depositories may levy per-folio (ISIN position) custody fees from issuers subject to prescribed minimum annual fee slabs and applicable service tax; issuers must pay based on folio counts as at 31 March of the preceding financial year by 30 April each year, and depositories may charge penal interest up to 12% p.a. for late payment.
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