Securities And Exchange Board Of India (Custodian Of Securities) (Second Amendment) Regulations, 2006.

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....ations, 2006. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Custodian of Securities) Regulations, 1996 - (i) after regulation 9, the following regulations shall be inserted, namely - "Period of validity 9A. (1) Every certificate granted under sub-regulation (3) of regulation 8 on and after the commencement of the Securities and Exchange Board of India (Custodian of Securities) (Second Amendment) Regulations, 2006 shall be valid for a period of three years from the date of grant of registration or its renewal. (2) Every certificate granted under sub-regulation (3) of regulation 8 before the commencement of the Securities and Exchange Board of In....

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.... to fulfill all duties to the clients relating to the gold so kept with the other person, except for its physical safekeeping." (iii) in Second Schedule- a. Part A shall be substituted with the following, namely- "PART A AMOUNT TO BE PAID AS FEES (i) Application fee ₹ 1,00,000/- (ii) Registration fee ₹ 15,00,000/- (iii) Annual fee Rs.10,00,000/- or 0.001% of the 'assets under custody' of the custodian of securities, whichever is higher. Explanation I: For the purpose of this part, the expression 'assets under custody' shall mean the value of the assets held by the custodian of securities as disclosed by him under sub-paragraph (4) of paragraph II. Explanation II: It is clarified that no registration fee shall be p....

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....mencement, shall be proportionately adjusted against the amount payable under this sub-paragraph. (4) The payment of annual fee shall be accompanied by a statement of assets under custody which shall be in such format as may be specified by the Board and shall be certified to be true and complete by the functional head of custody services of the custodian of securities." [F.No. SEBI/LAD/DOP/79054/2006] M. DAMODARAN, Chairman Footnotes: (1) The Securities and Exchange Board of India (Custodian of Securities) Regulations, 1996, the Principal Regulations were published in the Gazette of India on May 16, 1996 vide S.O. No. 344(E). (2) The Securities and Exchange Board of India (Custodian of Securities) Regulations, 1996 were subsequently ....