Review of Annual Issuers’ charges

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..... CDSL Dear Sir/s, Sub: Review of Annual Issuers' charges 1. Please refer to SEBI Circular No.MRD/DoP/SE/Dep/Cir-4/2005 dated January 28, 2005 vide which Depositories were allowed/permitted to levy and collect the charges towards custody from the issuer. 2. In partial modification to our aforementioned circular and in light of representations received from the Depositories, it has been decided t .....

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..... ivity based on the total number of folios (ISIN positions) as on 31st March of the previous financial year or the minimum amount, as the case may be, by 30th April of each financial year failing which Depositories may charge penal interest subject to a maximum of 12% p.a. 3. All the Stock Exchanges are advised to:- 3.1. implement the above by making necessary amendments to the bye-laws and Listi .....

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..... status of the implementation of the provisions of this circular in the Monthly Development Report. 5. This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, and Section 19 of the Depositories Act, 1996, to protect the interests of investors in securities and to promote the development of, and to regulate the secu .....

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