FEES TO BE PAID ALONG WITH OFFER DOCUMENT
X X X X Extracts X X X X
X X X X Extracts X X X X
....of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI or] by means of a demand draft drawn in favour of 'the Securities and Exchange Board of India' payable at the place where the draft offer document or offer document or updated draft offer document, as the case may be, is filed with the Board. PART A FEES TO BE PAID ALONG WITH DRAFT OFFER DOCUMENT OR IN CASE OF A FAST TRACK ISSUE, ALONG WITH OFFER DOCUMENT (1) There shall be charged in respect of every draft offer document or in case of a fast track issue, every offer document filed by a lead merchant banker with the Board in terms of these regulations, a fee at the following rate: (a) ^4[ In case of a public issue: Size of the issue, ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....entioned at para (1), based on the estimated issue size. (3) If the issue size estimated by the issuer differs from eventual issue size and thereby:- (a) the fees paid by the issuer is found to be deficient, the balance fee shall be paid by the issuer within seven days of registering the prospectus with the Registrar of Companies or filing the letter of offer with the recognised stock exchanges, as the case may be; and (b) if any excess fee is found to have been paid, it shall be refunded by the Board to the issuer. PART B FEES TO BE PAID ALONG WITH UPDATED OFFER DOCUMENT Where updations or changes are made in any of the sections specified in ^7[Para 2] of Schedule VII of these regulations, there shall be charged a fee of ....
TaxTMI