Electronic payment mandate for SEBI fees introduced, requiring NEFT/RTGS/IMPS and revising fee schedules and caps. The regulations require payment of SEBI fees by direct credit to the Board's bank account through NEFT/RTGS/IMPS or any other RBI allowed mode across numerous SEBI rules, update multiple fee schedules (including stock broker turnover based fees, a revised buy back fee table, and a new fee for draft schemes of arrangement calculated as a percentage of paid up capital subject to a cap), and make minor textual edits such as replacing 'Bombay' with 'Mumbai'; the amendments take effect on publication, with one sub clause effective from April 1.
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Electronic payment mandate for SEBI fees introduced, requiring NEFT/RTGS/IMPS and revising fee schedules and caps.
The regulations require payment of SEBI fees by direct credit to the Board's bank account through NEFT/RTGS/IMPS or any other RBI allowed mode across numerous SEBI rules, update multiple fee schedules (including stock broker turnover based fees, a revised buy back fee table, and a new fee for draft schemes of arrangement calculated as a percentage of paid up capital subject to a cap), and make minor textual edits such as replacing "Bombay" with "Mumbai"; the amendments take effect on publication, with one sub clause effective from April 1.
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