TaxTMI 
TaxTMI 
Empanelment of Insolvency Professionals (IPs) to be appointed as Administrator, remuneration and other incidental and connected matters under the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018
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....ected matters under the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018. 1. The Board has made the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018 ("Administrator Regulations"), which was notified in the Official Gazette on October 3, 2018. The aforesaid regulations provide, inter alia, for appointment of an Administrator and procedure for refund to the investors. 2. In terms of regulation 4 of the Administrator Regulations, the Board shall, after attachment of the properties of the defaulter, appoint an Administrator in the manner specified. In terms of sub-regulatio....
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....ions) (as amended from time to time) with suitable modifications as given in Table 1 and 2 in Part-I of the Schedule; (b) fees for distribution as given in Table 2 in Part-I of the Schedule shall not apply in cases of recovery of fees, penalties and disgorgement; (c) in addition to the fees under sub-regulation (3) of regulation 4 of the Liquidation Process Regulations, the fees payable to the entities such as chartered accountant(Table 3 and 4), registered valuer(Table 5), registrar and share transfer agent or such other agency (Table 6), etc. in Part-II of the Schedule, appointed by the Administrator under regulation sub-regulation (2) of regulation 7 the Administrator Regulations and incidental expenses as given in Part....
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....only on the website of the Board. An officer of SEBI nominated by the Recovery Officer shall be part of the Tender Opening Committee in such matters. 9. This Circular is being issued in exercise of powers conferred under section 11(1) of the Securities and Exchange Board of India Act, 1992 read with regulations 4, 5, 6 and 17 of the Administrator Regulations and shall come into force with immediate effect. 10. This Circular is available on the website of the Board (www.sebi.gov.in) under the category "Circulars" and "Empanelment of Insolvency Professionals (IPs) remuneration and other incidental and connected matters". Yours faithfully, Jai Sebastian Deputy General Manager Recovery Division-1 Recovery and Refund Departm....
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....obilising money above 10,000 crore 8 12 15 18 20 20 Company mobilising money between Rs. 2000 -10,000 crore 7 10 12 14 15 15 Company mobilising money up to Rs. 2000 crore 5 6 7 8 9 10 Table -5. MAXIMUM FEES OF REGISTERED VALUER Sr. No. Valuation amount Percentage of fee on the amount valued 1 On the first Rs. 5,00,000 of the asset as valued 0.50% 2 On the next Rs. 10 lakh of the asset as valued 0.20% 3 On the next Rs. 40 lakh of the asset as valued 0.10% 4 On the balance of the asset as valued 0.05% Excluding GST Other actual expenses like travelling conveyance and out of pocket expenses, if any, are to be borne ....