TMI BlogFEESX X X X Extracts X X X X X X X X Extracts X X X X ..... nted prior to the commencement of the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2016, as the case may be.] 3.(a) The fee referred to in paragraph 1 shall be paid by the merchant banker within fifteen days from the date of receipt of intimation from the Board under sub-regulation (1) of regulation 8. 6 [(aa) ***] 14 [ (b) The fee referred to in paragraph 2 shall be paid by the merchant banker one month before the expiry of the block for which the fee has been paid. ] 8 [3A. The non-refundable fee payable along with an application for registration under sub-regulation (1A) of regulation 3 9 [***] shall be a sum of 10 [fifty thousa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... graph 1A read as under: 1A. A merchant banker referred to under sub-regulation (3) of regulation 8 shall pay fee for the remaining period of two years on pro rata basis to the fee prescribed under paragraph 2. 5 Substituted by the by the Securities andExchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations,2016 w.e.f. 08-12-2016. Prior to substitution, paragraph 2 read as under: 2. A merchant banker who has been granted a certificate of permanent registration, to keep its registration in force, shall pay a fee of 5 [nine] lakh rupees every three years from the sixth year from the date of grant of certificate of initial registration, or from completion of the period of r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2011 w.e.f. 05-07-2011. Prior to the substitution the clause read as under: (b) The fee referred to in paragraph 2 shall be paid by the merchant banker within fifteen days from the date of receipt of intimation from the Board under sub regulation (3) of regulation 9. 8 Inserted by the Securities and Exchange Board of India (Merchant Bankers) (Third Amendment) Regulations, 2006. w.e.f. 7-9-2006. 9 The words or an application for 81 [permanent registration under sub-regulation (1) or sub-regulation (2) of regulation 8A omitted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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