SECOND SCHEDULE - FEES - Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999

SECOND SCHEDULE SECURITIES AND EXCHANGE BOARD OF INDIA (CREDIT RATING AGENCIES) REGULATIONS, 1999 [ 1 [See Regulations 3(3), 8(3), 8(4) 2 [***] ]] FEES 3 [ PART A AMOUNT TO BE PAID AS FEES 1. Application fee for grant of 4 [***] registration ₹ 50,000 2. 5 [***] Registration fee ₹ 26,66, 700 3. 6 [ *** ***] 4. 7 [Recurring] registration fee (for every three years) Rs .8 [15,00,000] 9 [PART B 1. A credit rating agency who has been granted certificate of 10 [***] registration under regulation 8(1), shall pay fees, as specified under item 2 of Part A, within fifteen days from the date of receipt of intimation from the Board. 2. 11 [***] 3. 12 [A credit rating agency who has been granted certificate of registration, to keep its registration in force, shall pay fee as specified under item 4 of Part A, for every three years from the sixth year of the date of grant of certificate of registration or of the date of grant of certificate of initial registration granted prior to the commencement of the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2016, as the case may be.] 14 [ 4. The fee specified above shall be paid by way of direct credit in the bank account through online payment using SEBI payment gateway. ] ] 15 [ 5. The (recurring) registration fee payable every three years as specified under item no. 4 of Part A, shall be paid by the credit rating agency one month before the expiry of the block for which the fee has been paid. ] ************* 1 Substituted for REGULATIONS 3(3), 8(2), 10(3) by the SEBI (Credit Rating Agencies) (Amendment) Regulations, 2011 w.e.f. 05.07.2011 2 The words 8A(3) and 8A(7) were omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. 3 Part A substituted, Ibid. Prior to its substitution, Part A as substituted by the SEBI (Credit Rating Agencies) (Amendment) Regulations, 2006, w.e.f. 07.09.2006 read as under: AMOUNT TO BE PAID AS FEES (Rs.) Application fee 50,000/- Registration fee for grant of certificate 20,00,000/- Renewal fees 10,00,000/- 4 The words initial or permanent were omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. 5 The word initial was omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. 6 Omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. Prior to omission Item 3 read as under: Balance fee for credit rating agencies referred under sub- regulation (3) of regulation 8 - ₹ 6,66,700 7 Substituted for the word permanent by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. 8 Substituted for figure 10,00,000 by SEBI (Payment of Fees) (Amendment) Regulations, 2014, w.e.f. 23.05.2014. 9 Substituted by the SEBI (Credit Rating Agencies) (Amendment) Regulations, 2011 w.e.f. 05.07.2011. Prior to its substitution Part B read as under: The fees specified above shall be paid by way of a bank draft in favour of Securities and Exchange Board of India payable at Mumbai. 10 The word initial was omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. 11 Omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. Prior to omission paragraph 2 read as under: (2) A credit rating agency referred to under sub- regulation (3) of regulation 8, shall pay fee, as specified under item 3 of Part A, within a period of three months before completion of the period of three years from the date of grant of certificate of initial registration, or within a period of three months from the date of notification of these regulations, as the case may be. 12 Substituted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. Prior to omission paragraph 3 read as under: (3) A credit rating agency who has been granted certificate of permanent registration, to keep its registration in force, shall pay fee as specified under item 4 of Part A, for every three years from the sixth year from the date of grant of certificate of initial registration, or from completion of the period of renewed certificate of registration, as the case may be. 13 Inserted by the SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017, w.e.f. 6.3.2017 14. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/23 dated 05-05-2021 before it was read as 4. The fee specified above shall be paid 13 [by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI or] by way of a bank draft in favour of Securities and Exchange Board of India payable at Mumbai. 15. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/23 dated 05-05-2021