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THE GAZETTE OF
SECURITIES AND EXCHANGE
BOARD OF
NOTIFICATION Mumbai, the 31st
March, 2008
SECURITIES AND EXCHANGE BOARD OF
F. No. 11/LC/GN/2008/21669 - In
exercise of the powers conferred by section 30 read with clause (k) of
sub-section (2) of section 11 of the Securities and Exchange Board of
India Act, 1992 (15 of 1992), the Board hereby makes the following
Regulations to further amend the Securities and Exchange Board of India
(Buy Back of Securities) Regulations, 1998, Securities and Exchange Board
of India (Custodian of Securities) Regulations, 1996, Securities and
Exchange Board of India (Merchant Bankers) Regulations, 1992, Securities
and Exchange Board of India (Mutual Funds) Regulations, 1996, Securities
and Exchange Board of India (Substantial Acquisition of Shares and
Takeovers) Regulations, 1997 and Securities and Exchange Board of India
(Venture Capital Funds) Regulations, 1996, namely :-
Short title
1. These regulations may be called the Securities and Exchange
Board of India (Payment of Fees) (Amendment) Regulations, 2008.
Commencement
2. They shall come into force on
Amendment to the Securities and Exchange
Board of
3. In the Securities and Exchange Board of India (Buy-Back of
Securities) Regulations, 1998 in Schedule IV, for paragraph (1), the
following paragraph shall be substituted, namely:-
"(1). Every merchant banker shall while
submitting the offer document or a copy of the public announcement to the
Board, pay fees as set out below:-
Amendment to the Securities and Exchange
Board of
4. In the Securities and Exchange Board of India (Custodian of
Securities) Regulations, 1996, in Second Schedule, in Part A, for the
figures "0.001%", the figures "0.0005%" shall be substituted. Amendment to the Securities and Exchange
Board of
5. In the Securities and Exchange Board of India (Merchant Bankers)
Regulations, 1992, in Schedule IV, for clause 1, the following clause
shall be substituted, namely:- "1.
There shall be charged on every draft offer
document submitted by a merchant banker to the Board, a fee at the
following rates:
A. Public Issues
B. Rights
Issues
Amendment to the Securities and Exchange
Board of
6. In the Securities and Exchange Board of
<!--[if !supportLists]-->(i)
<!--[endif]-->In the Second Schedule, in paragraph I, in item B,
for the words "fifty lakhs", the following words shall be substituted,
namely:- "twenty five lakhs"
(ii) In the Second Schedule, in paragraph I, for item D, the
following item shall be substituted, namely:-
"D. Filing fees for offer documents 0.005 per cent of the amount
raised in the new fund offer, subject to a minimum of rupees one
lakh and a maximum of rupees fifty lakhs." Amendment to Securities and Exchange
Board of
7. In the Securities and Exchange Board of
i) in regulation 4, in sub-regulation (3), for the words "one lakh
rupees", the words "fifty thousand rupees" shall be substituted;
ii) in regulation 18, for sub-regulation (3), the following
sub-regulation shall be substituted, namely:- "(3) The acquirer
shall, while filing the draft letter of offer with the Board under
sub-regulation (1), pay a fee as mentioned in the following table, by
bankers' cheque or demand draft drawn in
favour of the 'Securities and Exchange Board
of India', payable at Mumbai:
Amendment to Securities and Exchange
Board of
8. In the Securities and Exchange Board of India (Venture Capital
Funds) Regulations, 1996, in Second Schedule, in Part A, for the word and
figure "Rs. 10,00,000", the word and figure "Rs. 5,00,000" shall
be substituted.
C. B. BHAVE
CHAIRMAN
SECURITIES AND EXCHANGE BOARD OF
[ADVT. III/IV/69ZB/2008/Exty.]
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