Home / SEBI / SEBI reduces broker turnover fees by 50% & filing fees for issuers (READ PRESS RELEASE)

SEBI reduces broker turnover fees by 50% & filing fees for issuers (READ PRESS RELEASE)

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. 

SEBI reduces broker turnover fees by 50% & and filing fees for issuers

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. 

Also Read: Our aim must be rapid response, need to follow mantra of ‘do gaz doori’: PM

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.

CLICK HERE TO READ THE PRESS RELEASE

About CA Junction

Check Also

Canara bank invites applications for empanelment of Concurrent Auditors (Read Terms & Conditions)

Canara bank invites applications for empanelment of Concurrent Auditors (Read Terms & Conditions)

Canara Bank invites applications from the eligible/interested Proprietary Concerns / Firms / LLP for empanelment …