SEBI Cuts Filing Charges, Transaction Time For Listing Shares
The Securities and Exchange Board of India has made announcement that 
it has decided to lessen the time-gap between the opening of an issue and the listing of shares.
Besides, the market controller has also announced strong reductions, ranging from 50 to 80 percent, in intermediaries’ fees, its new chairman C V Bhave said.
For registering an offer document by a mutual fund, SEBI has cut the ad valorem charge to 0.005%, subject to a maximum of Rs 5 million. In addition to this, the annual registration fee from custodians has also been reduced from 0.001% to 0.0005%.
In a declaration, SEBI said that this would directly benefit the small investor investing in mutual funds.
In case of public issue, the ad valorem charge for filing offer document has been reduced from 0.03% to 0.005% subject to a maximum Rs 3 crore. Ad valorem fee on offer document for rights issue slashed from 0.05 percent to 0.005 percent subject to maximum Rs 5 lakh.
The ad valorem registration charge in case of offer documents for buy back of securities and draft letter of offer for acquisitions is diluted from 0.5% to 0.125% subject to maximum of Rs 30mn.
The market watchdog has also lessened the registration charge in case of venture capital fund from Rs1 million to Rs 5 lakh.
Ad valorem fee for offer document for buy back of securities and draft letter of offer filed under SEBI Substantial Acquisition and Takeover Regulations reduced from 0.5 per cent to 0.125 per cent subject to maximum Rs 3 crore and registration fee in case of venture capital fund reduced from Rs 10 lakh to Rs 5 lakh.
The SEBI’s board has also given sanction to the members of the Madras Stock Exchange (MSE) to trade on the National Stock Exchange.
A committee, which includes non members of SEBI, lead by Dr. Mohan Gopal, Director, National Judicial Academy, Bhopal has been appointed to watch over the conduct of all proceedings started by SEBI against NSDL. Its other members include V. Leeladhar, Deputy Governor, RBI and Anurag Goel, Secretary, Ministry of Corporate Affairs.
