MEMBERSHIP DEPARTMENT

 

CIRCULAR NO. 606

 

Ref. No. NSE/MEM/9437                                                                   September 4, 2007

 

 

Dear Members,

 

Sub :- Fees to be paid by sub broker

 

Please find attached Schedule III of the SEBI (Brokers and Sub-Brokers) Regulations, 1992 related to payment of sub broker fees.

 

Members are kindly requested to take note of the same and accordingly forward sub broker annual fees, in cases where applicable by September 21, 2007 so as to enable the Exchange to forward the same to SEBI on or before 1st day of October, 2007

 

For further clarification please contact Ms. Blossom Lopes / Ms. Aarti Khare / Mr. Ramakanta Shatapathy on Tel no. 26598247 or 26598100-14 Extn 4117 / 4111 / 4123

 

 

Yours faithfully,

 

 

For National Stock Exchange of India Ltd.

 

Sd/-

Rehana D’souza

Manager

 


 

SCHEDULE III

 

 

72[“II. Fees to be paid by sub-brokers

Every sub-broker shall pay fees in the manner set out below:

(a) Where a sub-broker was granted certificate of registration by the Board before

August 1, 2006 -

(i) he shall pay a sum of ten thousand rupees for the block of five financial

years commencing from April 1, 2007; and

(ii) after the expiry of the said block of five financial years, he shall pay a sum

of five thousand rupees for every subsequent block of five financial years.

(b) Where a sub-broker is granted certificate of registration by the Board on or

after August 1, 2006 -

(i) he shall pay a sum of ten thousand rupees for the block of five financial

years commencing from the financial year in which registration has been

granted; and

(ii) after the expiry of the said block of five financial years, he shall pay a

sum of five thousand rupees for every subsequent block of five financial

years.

(c) Every sub-broker shall pay fees under sub-clause (a) or sub-clause (b), as the

case may be, within such time as may be specified by the Board.”]

III. MANNER OF FEES TO BE PAID

73[The fees indicated above shall be paid on or before the 1st day of October each year

payable by draft in favour of the Securities and Exchange Board of India at Bombay or at

the respective regional office].