TaxTMI 
TaxTMI 
Securities And Exchange Board Of India (Stock Brokers And Sub-Brokers) (Third Amendment) Regulations, 2006
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....endment) Regulations, 2006. 2. They shall come into force on the first day of October, 2006. 3. In the Securities and Exchange Board of India (Stock Brokers and Sub-brokers) Regulations, 1992 - (i) in regulation 10, in sub-regulation (1), for the word and figures "Schedule III", the words and figures "Schedule III or Schedule III-A, as the case may be" shall be substituted; (ii) in Schedule III, after clause III, the following clause shall be inserted, namely: "IV. Non-applicability to stock brokers governed by Schedule III-A The provisions of this Schedule shall not apply to stock brokers to whom Schedule III-A applies, from the time when it becomes so applicable." (iii) after Schedule III, the following Schedule shall be inserted, ....
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....ommunicating it to the Board, in such manner and within such time as may be specified by the Board. Part B - Charge of fees 3. On and from the applicability of this Schedule, every stock broker shall pay to the Board in accordance with Part C, a fee in respect of the securities transactions including off-market transactions undertaken by them, at the rates mentioned below: Sl.No. Nature of the securities transaction Rate of fee a. All sale and purchase transactions in securities other than debt securities. 0.0002 per cent. of the price at which the securities are purchased or sold (Rs.20/- per crore) b. All sale and purchase transactions in debt securities. 0.00005 per cent. of the price at which the securities are purchased or s....
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.... may be required by it in respect of fee collected or liable to be collected under this Schedule. 6. (1) Nothing contained in clause 5 shall affect the primary liability of a stock broker to pay the fees under clause 3 or shall preclude the Board from recovering any such fee remaining unpaid by any stock broker directly from him. (2) Where due to the stock broker's default any fee which was liable to be paid on his behalf under clause 5 remains unpaid or is paid belatedly, he shall, without prejudice to any other action that may be taken under the Act, rules or regulations, pay an interest of 15 per cent. per annum for every month of delay or part thereof to the Board. (3) Every stock broker shall be liable to furnish such information or....
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....ecognised stock exchange under sub-clause (1) during a calendar month shall be paid by the stock exchange to the Board by the fifth working day of the following calendar month. (3) All recognised stock exchanges shall maintain such registers and furnish such returns or information to the Board in respect of the fee collected under this Schedule, as may be specified by the Board. (4) Without prejudice to sub-clause (3), a recognised stock exchange shall also be liable to furnish such information or explanations to the Board as may be required by it in respect of fee collected or liable to be collected under this Schedule." (d) in clause 4, for the words "as specified in clause 2 and 3 above", the words "as specified in clauses 1 and 2" ....
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....e S.O. No. 75 (E). (d) December 16, 1998 by SEBI (Stock Brokers and Sub-Brokers) (Third Amendment) Regulations, 1998 vide S.O. No. 1078 (E). (e) July 6, 1999 by SEBI (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 1999 vide S.O. No. 541 (E). (f) March 14, 2000 by SEBI (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2000 vide S.O. No. 234 (E). (g) March 28, 2000 by SEBI (Appeal to Securities Appellate Tribunal) (Amendment) Regulations, 2000 vide S.O. No. 278 (E). (h) August 30, 2000 by SEBI (Stock Brokers and Sub-Brokers) (Second Amendment) Regulations, 2000 vide S.O. No. 787 (E). (i) May 29, 2001 by SEBI (Investment Advice by Intermediaries) (Amendment) Regulations, 2001 vide S.O. No. 476(E). (j) November 15, 2001 b....