Payment of fees by Stock Brokers

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..... SEBI has notified the SEBI (Stock Brokers and Sub Brokers) (Third Amendment) Regulations 2006 vide notification No S.O.1600(E) dated 25th September 2006 inserting Schedule III-A and amending Schedule IV of the SEBI (Stock Brokers and Sub Brokers) Regulations, 1992 (hereinafter referred to as Regulations ). The Notification is available on SEBI website - www.sebi.gov.in Pursuant to the am .....

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..... sactions on the respective stock exchanges and shall be required to pay the fees only at the one stock exchange as opted by the stock broker. For this purpose the stock broker shall be required : a. to express in writing the name of the stock exchange where the off market transactions be included for the payment of fees. b. to intimate the respective stock exchanges where he is hav .....

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..... me with SEBI as specified in sub clause (1) of Clause 5 of Schedule III A of regulations and sub clause (1) of Clause 3 of Schedule IV of said regulations. 5. The stock exchanges are also advised to : a. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately. b. bring the provisions of this circular to the .....

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