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SCHEDULE - 04 - FEES TO BE PAID ALONG WITH OFFER DOCUMENT - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009Extract SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 SCHEDULE IV [See regulations 6(1), 10(2) 1 [, 11(4) and 2 [, 91E(3), 106Z(1) and 106ZA(1)]]] FEES TO BE PAID ALONG WITH OFFER DOCUMENT (1) There shall be charged in respect of every draft offer document, every offer document (in case of a fast track issue) and in case of updation of any draft offer document, fees at the rate as specified in Part A and Part B of this Schedule. (2) The fees shall be paid 3 [by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI or] by means of a demand draft drawn in favour of the Securities and Exchange Board of India payable at the place where the draft offer document or offer document or updated draft offer document, as the case may be, is filed with the Board. PART A FEES TO BE PAID ALONG WITH DRAFT OFFER DOCUMENT OR IN CASE OF A FAST TRACK ISSUE, ALONG WITH OFFER DOCUMENT (1) There shall be charged in respect of every draft offer document or in case of a fast track issue, every offer document filed by a lead merchant banker with the Board in terms of these regulations, a fee at the following rate: (a) 4 [ In case of a public issue: Size of the issue, including intended retention of oversubscription Amount / Rate of fees Less than or equal to ten crore rupees. A flat charge of one lakh rupees (1,00,000/-). More than ten crore rupees, but less than or equal to five thousand crore rupees. 0.1 per cent of the issue size. More than five thousand crore rupees. Five crore rupees (5,00,00,000/-) plus 0.025 percent of the portion of the issue size in excess of five thousand crore rupees (5000,00,00,000/-).] 5 [ (b) In case of a rights issue: Size of the issue, including intended retention of oversubscription Amount / Rate of fees Less than or equal to ten crore rupees. A flat charge of fifty thousand rupees (50,000/-). More than ten crore rupees 0.05 per cent. of the issue size.] 6 [(c) In case of listing without public issue: Paid up capital of the entity Amount / Rate of fees Less than or equal to ten crore rupees. A flat charge of one lakh rupees(1,00,000/-). More than ten crore rupees, but less than or equal to five thousand crore rupees. 0.1 per cent of the paid up capital More than five thousand crore rupees. Five crore rupees (5,00,00,000/-) plus 0.025 percent of the portion of the paid up capital in excess of five thousand crore rupees (5000,00,00,000/-).] (2) Where the issue size is not determined at the time of submission of the draft offer document or the offer document (in case of a fast track issue), the issuer shall pay fees mentioned at para (1), based on the estimated issue size. (3) If the issue size estimated by the issuer differs from eventual issue size and thereby: (a) the fees paid by the issuer is found to be deficient, the balance fee shall be paid by the issuer within seven days of registering the prospectus with the Registrar of Companies or filing the letter of offer with the recognised stock exchanges, as the case may be; and (b) if any excess fee is found to have been paid, it shall be refunded by the Board to the issuer. PART B FEES TO BE PAID ALONG WITH UPDATED OFFER DOCUMENT Where updations or changes are made in any of the sections specified in 7 [Para 2] of Schedule VII of these regulations, there shall be charged a fee of ten thousand rupees (Rs.10,000/-) for updations or changes per section, subject to total fee not exceeding one fourth (1/4th) of the filing fees paid at the time of filing the draft document with the Board or rupees fifty thousand, whichever is higher. ******** 1 Substituted for and 11(4), by SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2012, w.e.f. 30.01.2012 2 Substituted for and 91E(3) by the SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2015, w.e.f. 14.08.2015. 3 Inserted by the SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017, w.e.f. 6.3.2017. 4 Sub-paragraph (a) substituted by the SEBI (Payment of Fees) (Amendment) Regulations, 2014, w.e.f. 23-5-2014. Prior to its substitution, said sub-paragraph read as under : (a) In case of a public issue: Size of the issue, including intended retention of oversubscription Amount / Rate of fees Less than or equal to ten crore rupees. A flat charge of twenty five thousand rupees (Rs.25,000/-). More than ten crore rupees, but less than or equal to five thousand crore rupees. 0.025 per cent. of the issue size. More than five thousand crore rupees, but less than or equal to twenty five thousand crore rupees. One crore twenty five lakh rupees (Rs.1,25,00,000/-) plus 0.00625 per cent of the portion of the issue size in excess of five thousand crore rupees (Rs.5000,00,00,000/-). More than twenty five thousand crore rupees. A flat charge of three crore rupees (Rs.3,00,00,000/-). 5 Sub-paragraph (b) substituted by the SEBI (Payment of Fees) (Amendment) Regulations, 2014, w.e.f. 23-5-2014. Prior to its substitution, said sub-paragraph, as amended by the SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2010, w.e.f. 13-4-2010, read as under : (b) In case of a rights issue: Size of the issue, including intended retention of oversubscription Amount / Rate of fees Less than or equal to ten crore rupees. A flat charge of twenty five thousand rupees (Rs.25,000/-). More than ten crore rupees and less than or equal to five hundred crore rupees. Twenty five thousand rupees (Rs. 25,000/-) plus 0.005 per cent. of the issue size in excess of ten crore rupees. More than five hundred crore rupees. A flat charge of five lakh rupees (Rs.5,00,000/-). 6 Inserted by the SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2015, w.e.f. 14.08.2015. 7 Substituted for Para 3 by SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2010, w.e.f. 13.04.2010.
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