Review of Annual Custody / Issuer Charges

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....er charges to be collected by the depositories from the issuers in the manner specified therein. Subsequently, the charges and the methodology were revised vide Circular Nos. MRD/DoP/SE/Dep/Cir-2/2009 dated February 10, 2009 and CIR/MRD/DP/05/2011 dated April 24, 2011 respectively. 2. The Depository Systems Review Committee (DSRC) has, with an objective of promoting financial inclusion and expa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pository (Rs.) Upto 5 crore 9,000 Above 5 crore and upto 10 crore 22,500 Above 10 crore and upto 20 crore 45,000 Above 20 crore 75,000 4. The methodology for calculating the number of folios will remain the same as specified in the circular dated April 24, 2011. It is however, clarified that temporary ISIN shall not be considered for the purpose of computing the annual i....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Accounts (BSDA). This incentive may be provided with respect to all the BSDA in the depository system. 7. The reimbursement to DPs shall be made on an annual basis at the end of the financial year. The depositories shall set aside 20% of the incremental revenue received from the Issuers to manage the aforementioned incentive schemes. Any surplus after reimbursement of DPs may be utilized by the....