Payment of fees, and the consequences of failure to pay fees

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Full Text of the Document

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....the period specified in Schedule II:] ^2[***] Provided ^3[***] that a stock broker ^4[***], who has been granted a certificate under section 12 of the Act and pays fees under the Securities and Exchange Board of India (Stock Brokers and Sub-brokers) Regulations, 1992 ^5[***], shall not be required to pay fees under sub-regulation (1). (2) Where an underwriter fails to pay the fees as prov....