Review of Annual Custody / Issuer Charges

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..... d the custody/issuer charges to be collected by the depositories from the issuers in the manner specified therein. Subsequently, the charges and the methodology were revised vide Circular Nos. MRD/DoP/SE/Dep/Cir-2/2009 dated February 10, 2009 and CIR/MRD/DP/05/2011 dated April 24, 2011 respectively. 2. The Depository Systems Review Committee (DSRC) has, with an objective of promoting financial .....

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..... Annual Custody Fee payable by an Issuer to each depository (Rs.) Upto 5 crore 9,000 Above 5 crore and upto 10 crore 22,500 Above 10 crore and upto 20 crore 45,000 Above 20 crore 75,000 4. The methodology for calculating the nu .....

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..... promote holdings in the BSDA, the depositories may pay an amount of ₹ 2 per folio per ISIN to the respective depository participant (DP), in respect of the ISIN positions held in Basic Service Demat Accounts (BSDA). This incentive may be provided with respect to all the BSDA in the depository system. 7. The reimbursement to DPs shall be made on an annual basis at the end of the financial .....

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..... plementation of the provisions of this circular in the Monthly Development Report. 11. This circular is being issued in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992 and section 19 of the Depositories Act, 1996 to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market. .....

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