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of <h1>SEBI Launches Interest Liability Regularisation Scheme 2004 for Stock Brokers to Settle Fee Defaults by November 15.</h1> The Securities and Exchange Board of India (SEBI) introduced the Interest Liability Regularisation Scheme, 2004, to address defaults in registration fee payments by stock brokers in the cash segments of stock exchanges. Under this scheme, brokers can regularize defaults by paying the full outstanding principal and 20% of the outstanding interest, thereby waiving the remaining 80% interest. The regularization period is from October 15 to November 15, 2004. Failure to comply will result in the full outstanding amount being due, including interest, and potential penalties. The scheme aims to streamline fee payments and ensure compliance with SEBI regulations.
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