TaxTMI 
TaxTMI 
Fees
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....ies and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2016, as the case may be.] 3.(a) The fee referred to in paragraph 1 shall be paid by the merchant banker within fifteen days from the date of receipt of intimation from the Board under sub-regulation (1) of regulation 8. 6[(aa) ***] 14[(b) The fee referred to in paragraph 2 shall be paid by the merchant banker one month before the expiry of the block for which the fee has been paid.] 8[3A. The non-refundable fee payable along with an application for registration under sub-regulation (1A) of regulation 3 9[***] shall be a sum of 10[fifty thousand] rupees.] 15[4. The fee specified in paragraphs 1, 2 and 3A shall be pa....
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....tion (3) of regulation 8 shall pay fee for the remaining period of two years on pro rata basis to the fee prescribed under paragraph 2." 5 Substituted by the by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations,2016 w.e.f. 08-12-2016. Prior to substitution, paragraph 2 read as under: "2. A merchant banker who has been granted a certificate of permanent registration, to keep its registration in force, shall pay a fee of 5[nine] lakh rupees every three years from the sixth year from the date of grant of certificate of initial registration, or from completion of the period of renewed certificate of registration, as the case may be." Prior to above, the word "n....
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....ns, 2011 w.e.f. 05-07-2011. Prior to the substitution the clause read as under: "(b) The fee referred to in paragraph 2 shall be paid by the merchant banker within fifteen days from the date of receipt of intimation from the Board under sub regulation (3) of regulation 9." 8 Inserted by the Securities and Exchange Board of India (Merchant Bankers) (Third Amendment) Regulations, 2006. w.e.f. 7-9-2006. 9 The words "or an application for 81 [permanent registration under sub-regulation (1) or sub-regulation (2) of regulation 8A" omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations,2016 w.e.f. 08-12-2016. Prior to this, the words "permanent registrati....