Review of Annual Issuers’ charges

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ck Exchanges, 2. MD and CEO, NSDL 3. MD and CEO, CDSL Dear Sir/s, Sub: Review of Annual Issuers' charges 1. Please refer to SEBI Circular No.MRD/DoP/SE/Dep/Cir-4/2005 dated January 28, 2005 vide which Depositories were allowed/permitted to levy and collect the charges towards custody from the issuer. 2. In partial modification to our aforementioned circular and in light of repres....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ired to pay custody charges to the Depository with whom they have established connectivity based on the total number of folios (ISIN positions) as on 31st March of the previous financial year or the minimum amount, as the case may be, by 30th April of each financial year failing which Depositories may charge penal interest subject to a maximum of 12% p.a. 3. All the Stock Exchanges are advised ....