SEBI reduces broker turnover fees and filing fees for issuers

Apr 28, 2020 | by Avantis RegTech Legal Research Team


Industry Specific Compliance

The Securities and Exchange Board of India (SEBI) on April 27, 2020, has decided to reduce broker turnover fees and filing fees on offer documents for Public issue, Rights issue and Buyback of shares due to the sudden outbreak of COVID-19 pandemic. Thus, the broker turnover fee will be reduced to 50% of the existing fee structure for the period June 2020 to March 2021. This benefit will automatically be passed on to the investors as well.

This will be effective for documents filed from June 01, 2020 to December 31, 2020.

[Press Release No. 24/2020]

 


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