SECOND SCHEDULE - PAYMENT OF FEES - SECURITIES AND EXCHANGE BOARD OF INDIA (FOREIGN INSTITUTIONAL INVESTORS) REGULATIONS, 1995

SECOND SCHEDULE PAYMENT OF FEES (REGULATION 7) SECURITIES AND EXCHANGE BOARD OF INDIA (FOREIGN INSTITUTIONAL INVESTORS) REGULATIONS, 1995. (1) Every applicant eligible for grant of a certificate under regulation 7 shall pay a registration fee of 1 [US$10,000]. 2 [(2) A registered foreign institutional investor shall pay a fee of US $ 10,000 for every block of three years after grant of registration during which the registration subsists. (2A) The fee mentioned in paragraph (2) shall be paid at least one month before expiry of the period of three years.] 3 [(2B) In case of a foreign institutional investor who was registered as at the commencement of the (2D) Securities and Exchange Board of India (Foreign Institutional Investors) (Amendment) Regulations, 2008, the blocks of three years for the purposes of paragraph (2) shall be reckoned from the date which is three years prior to the date on which the registration or renewal granted to it prior to such commencement would have expired but for such commencement. (2C) An application for registration as a sub-account made under regulation 12 shall be accompanied with a fee of US $ 2,000. (2D) A registered sub-account shall pay a fee of US $ 2,000 for every block of three years for which the foreign institutional investor through whom it makes investment in the Indian securities market pays fees under paragraph (2). (2E) A foreign institutional investor shall collect and pay the fees payable by all its sub-accounts within the period mentioned in paragraph (2A).] 4 [(3) The registration fee specified above shall be payable by the applicant by a draft in favour of Securities and Exchange Board of India or by any appropriate mode or instrument as may be specified by the Board.] ---------------- Notes: 1 . Substituted for US $ 5,000 SEBI (Foreign Institutional Investors) (Amendment) Regulations, 2006 w.e.f. Earlier 5000 was substituted for US $ 10,000/- by the SEBI (Foreign Institutional Investors) (Amendment) Regulations, 2002 w.e.f. 10.12.2002. 2. Substituted by the SEBI (Foreign Institutional Investors) (Amendment) Regulations, 2008, w.e.f.22-5-2008. Prior to its substitution paragraph (2) (2A) of Second Schedule read as under: 2) The registration fee shall be payable at the time of initial registration as well as at the time of each renewal, within 15 days from the date of intimation from the Board. 2A) An application for registration of a sub-account under regulation 12 shall be accompanied by a registration fee of US$ 2,000 which shall be payable at the time of initial application for registration as well as at the time of each renewal, and fees paid in respect of each renewal shall be paid within 15 days of intimation by the Board. 3. Inserted by the SEBI (Foreign Institutional Investors) (Amendment) Regulations, 2008, w.e.f.22-5-2008. 4. Substituted by the SEBI (Foreign Institutional Investors) (Amendment) Regulations, 1999 w.e.f. 16.4.1999. Prior to its substitution it was substituted by the SEBI (Payment of Fees) (Amendment) Regulations, 1995 , w.e.f 28.11.1995 and later on amended by the SEBI ((Foreign Institutional Investors) (Third Amendment) Regulations, 1998, w.e.f. 30.6.1998.. Earlier the word fee was substituted with The registration fee by SEBI (Foreign Institutional Investors) (Third Amendment) Regulations, 1998 w.e.f. 30-06-1998. Prior to its substitution it read as under: The registration fee indicated above shall be payable by a (cheque), draft or other instrument drawn in favour of The Securities and Exchange Board of India payable at Bombay or at the respective regional office.