Registration fees for debenture trustees fixed; renewals due triennially and fees payable promptly by demand draft upon Board intimation. The amendment requires every debenture trustee to pay a registration fee at grant of the Board's certificate and a renewal fee to maintain registration, payable triennially from the fourth year after initial registration. The registration fee is payable within fifteen days of the Board's intimation under regulation 8; the renewal fee is payable within fifteen days of the Board's intimation disposing of the renewal application under regulation 9(1). Fees must be paid by demand draft in favour of the Securities and Exchange Board of India payable at Mumbai or the relevant regional office.
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Registration fees for debenture trustees fixed; renewals due triennially and fees payable promptly by demand draft upon Board intimation.
The amendment requires every debenture trustee to pay a registration fee at grant of the Board's certificate and a renewal fee to maintain registration, payable triennially from the fourth year after initial registration. The registration fee is payable within fifteen days of the Board's intimation under regulation 8; the renewal fee is payable within fifteen days of the Board's intimation disposing of the renewal application under regulation 9(1). Fees must be paid by demand draft in favour of the Securities and Exchange Board of India payable at Mumbai or the relevant regional office.
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