Dematerialisation charges reduced: investors exempted from account opening, credit and custody fees; issuers to bear annual custodial fees. Dematerialisation charges are rationalised to exempt investors from BO account opening fees (except statutory levies), fees for crediting securities, and custody charges; custody fees will instead be payable by issuers to depositories on a per folio (ISIN) basis under prescribed slabs with minimum amounts and service tax, payable based on folio positions at financial year end and subject to penal interest for late payment.
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Provisions expressly mentioned in the judgment/order text.
Dematerialisation charges reduced: investors exempted from account opening, credit and custody fees; issuers to bear annual custodial fees.
Dematerialisation charges are rationalised to exempt investors from BO account opening fees (except statutory levies), fees for crediting securities, and custody charges; custody fees will instead be payable by issuers to depositories on a per folio (ISIN) basis under prescribed slabs with minimum amounts and service tax, payable based on folio positions at financial year end and subject to penal interest for late payment.
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