Reduction in filing fees for offer documents

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....d Exchange Board of India (Buy Back of Securities) Regulations, 1998, clause (1) of Schedule IV of the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992 and sub-regulation (3) of regulation (4) and subregulation (3) of regulation (18) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, thereby revising the fees payable on offer documents filed with SEBI. 2.0   The amendments have come into force on April 01, 2008. 3.0 A copy of the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2008 issued in this regard, vide notification no. F. No. 11/LC/GN/2008/21669 dated March 31, 2008 and published in the Official....

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....ent 2.  They shall come into force on April 1st ,2008. Amendment to the Securities and Exchange Board of India (BuyBack of Securities) Regulations, 1998 3.  In the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 in Schedule IV, for paragraph (1), the following paragraph shall be substituted, namely:- "(1). Every merchant banker shall while submitting the offer document or a copy of the public announcement to the Board, pay fees as set out below:- Offer size Fee (Rs.) Less than or equal to ten crore rupees. One lakh rupees (Rs. 1,00,000/-). More than ten crore rupees, but less than or equal to one thousand crore rupees. 0.125% of the offer size. More than one thousa....

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....ss than or equal to twenty five thousand crore rupees. One crore twenty five lakh rupees (Rs.1,25,00,000/-) plus 0.00625 per cent of the portion of the issue size in excess of five thousand crore rupees (Rs.5000,00,00,000/-). More than twenty five thousand crore rupees. A flat charge of three crore rupees (Rs.3,00,00,000/-).   B.  Rights Issues Size of the issue, including intended retention of  oversubscription   Amount / Rate of fees   Less than or equal to ten crore rupees. A flat charge of twenty five thousand rupees (Rs.25,000/-). More than ten crores rupees and less than or equal to five hundred crore rupees. 0.005 per cent. of the issue size. More than five hundred crore ru....