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of <h1>SEBI Amends Payment of Fees Regulations, 1995; Standardizes Fee Payment for Financial Entities via Drafts.</h1> The Securities and Exchange Board of India (SEBI) issued an amendment to the Payment of Fees Regulations, 1995, effective upon publication in the Official Gazette. The regulations amend various existing SEBI regulations, including those for stock brokers, merchant bankers, portfolio managers, registrars, underwriters, debenture trustees, bankers to an issue, mutual funds, and foreign institutional investors. The amendments specify that fees must be paid by draft in favor of SEBI at Bombay or the respective regional office. These changes standardize the payment process across different categories of financial entities regulated by SEBI.
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