The Securities and Exchange Board of India (SEBI) said on Monday it has decided to reduce broker turnover fees and filing fees on offer documents for public issue & buyback of shares & rights issue.
Reduction in broker turnover fees will be applicable between June 2020 and March 2021.
SEBI in its press release announcing the move added: “The benefit of reduction in fees on the broker turnover will automatically be passed on to the investors as well.”
SEBI has also decided to reduce the filing fees on offer documents of public issue, rights issue & buyback of shares by 50% as well. The reduction in the filing fees will be applicable from June 1, 2020 to December 31, 2020.
The regulator, in February, reviewed the framework to keep pace with the changing market dynamics and to bring more efficiency in the risk management framework.
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The framework, which was prepared in consultation with the capital market regulator’s Risk Management Review Committee, was to come into effect from May 1 this year.
