Buy-back filing fees introduced: tiered fee schedule requires merchant bankers to pay regulator-based charges linked to offer size. Amendment substitutes Schedule IV to require every merchant banker, when submitting a buy-back offer document or public announcement to the regulator, to pay fees according to a tiered schedule based on offer size, comprising fixed fees for lower bands and percentage-based or capped fees for larger bands; the amendment comes into force on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Buy-back filing fees introduced: tiered fee schedule requires merchant bankers to pay regulator-based charges linked to offer size.
Amendment substitutes Schedule IV to require every merchant banker, when submitting a buy-back offer document or public announcement to the regulator, to pay fees according to a tiered schedule based on offer size, comprising fixed fees for lower bands and percentage-based or capped fees for larger bands; the amendment comes into force on publication in the Official Gazette.
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