TMI BlogSecurities And Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2008.X X X X Extracts X X X X X X X X Extracts X X X X ..... es and Exchange Board of India (Merchant Bankers) Regulations, 1992, Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and Securities and Exchange Board of India (Venture Capital Funds) Regulations, 1996, namely :- Short title 1.These regulations may be called the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2008. Commencement 2.They shall come into force on April 1st ,2008. Amendment to the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 3.In the Securities and Exchange Board of India (Buy-Back of Securities) Regulatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1992, in Schedule IV, for clause 1, the following clause shall be substituted, namely:- 1. There shall be charged on every draft offer document submitted by a merchant banker to the Board, a fee at the following rates: A. Public Issues Size of the issue, including intended retention of over subscription Amount / Rate of fees Less than or equal to ten crore rupees. A flat charge of twenty five thousand rupees (Rs.25,000/-). More than ten crore rupees, but less than or equal to five thousand crore rupees. 0.025 per cent. of the issue size. More than five thousand crore rupees, but less than or equa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fund offer, subject to a minimum of rupees one lakh and a maximum of rupees fifty lakhs. Amendment to Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 7. In the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997:- 8. i) in regulation 4, in sub-regulation (3), for the words one lakh rupees , the words fifty thousand rupees shall be substituted; ii) in regulation 18, for sub-regulation (3), the following sub-regulation shall be substituted, namely:- (3) The acquirer shall, while filing the draft letter of offer with the Board under sub-regulation (1), pay a fee as mentioned in the following table, by banke ..... X X X X Extracts X X X X X X X X Extracts X X X X
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