Corporate Updates – 10-03-2017

BSE – Listing Fees

The Bombay Stock Exchange (BSE) has revised its Annual Listing Fees to be paid by the listed entities for listing of its securities on the Exchange. The new Annual Listing Fees shall be effective from April 1, 2017. The capital to be considered for the revised schedule of fee shall includes Equity Shares, Preference Shares, Indian Depository Receipts, Fully Convertible Debentures, Partly Convertible Debentures and any other security convertible into equity shares. Further, in case of Debenture Capital (not convertible into equity shares) listed prior to April 1, 2017, the fees applicable will be 75% of the revised fees.

SEBI

SEBI has notified the Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017 which shall come into force on the date of their publication in the Official Gazette. An attempt has been made to introduce online payment modes i.e NEFT/RTGS/IMPS or any other mode as may be allowed by RBI. Further, revised schedule of fees for various segment is also substituted.

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