Annual fees transmission procedure requires exchanges to collect sub-broker fees and forward consolidated drafts fortnightly. Exchanges must collect sub-broker annual fees and forward consolidated pay orders/drafts to SEBI fortnightly, with a hard copy and an Excel CSV soft copy listing: sub-broker name, SEBI registration number, recommending broker, financial year, principal amount, interest if any, and total amount, using the prescribed format to ensure prompt crediting and reconciliation.
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.
Annual fees transmission procedure requires exchanges to collect sub-broker fees and forward consolidated drafts fortnightly.
Exchanges must collect sub-broker annual fees and forward consolidated pay orders/drafts to SEBI fortnightly, with a hard copy and an Excel CSV soft copy listing: sub-broker name, SEBI registration number, recommending broker, financial year, principal amount, interest if any, and total amount, using the prescribed format to ensure prompt crediting and reconciliation.
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