Electronic payment requirement mandates NEFT/RTGS/IMPS or specified modes for regulatory fees and filings, effective retrospectively. The amendment standardizes fee payment modes across multiple securities regulations by inserting a requirement that fees and specified remittances be made by direct credit to the Board's bank account through NEFT/RTGS/IMPS or any other RBI allowed mode, with demand drafts retained as an alternative where provided; it also revises certain fee tables, inserts a new schedule for draft scheme of arrangement fees, and provides retrospective commencement with savings for prior actions.
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Provisions expressly mentioned in the judgment/order text.
Electronic payment requirement mandates NEFT/RTGS/IMPS or specified modes for regulatory fees and filings, effective retrospectively.
The amendment standardizes fee payment modes across multiple securities regulations by inserting a requirement that fees and specified remittances be made by direct credit to the Board's bank account through NEFT/RTGS/IMPS or any other RBI allowed mode, with demand drafts retained as an alternative where provided; it also revises certain fee tables, inserts a new schedule for draft scheme of arrangement fees, and provides retrospective commencement with savings for prior actions.
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