Requirement of Fee Clearance and NOC – Non applicability in respect of certain category of members of stock exchanges

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.... To The Managing Directors of Stock Exchanges Dear Sir/s, Sub: Requirement of Fee Clearance and NOC - Non applicability in respect of certain category of members of stock exchanges 1. In terms of clause 4 (e) of SEBI Circular No.SEBI/SMD/SE/Cir-24/2003/18/06 dated June 18, 2003 members of the stock exchanges are required to obtain 'NOC' from SEBI through the respective stock exchanges ....

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....nd clearing members in the equity derivatives and currency derivatives segments (ii) stock brokers in the cash segment who are covered under Schedule III A [payment of fees by stock brokers] of the SEBI (Stock Brokers and Sub-brokers) Regulations, 1992 and (iii) stock brokers in the cash segment who may migrate to Schedule III A [payment of fees by stock brokers] of the SEBI (Sto....