Review of Dematerialisation Charges

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..... Sub: Review of Dematerialisation Charges 1. Investors have been representing to SEBI seeking a reduction in the charges paid by them for dematerialisation of securities. The rationalization of charge structure for dematerialisation was discussed at the Secondary Market Advisory Committee of SEBI (SMAC). 2. After careful consideration of the recommendations of the SMAC, as a first step, it .....

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..... Issuers to pay @ ₹ 5.00 (*) per folio (ISIN position) in the respective depositories, subject to a minimum as mentioned below: Nominal value of admitted securities (Rs.) Annual Custodial Fee payable by a Issuer to each Depository (Rs.) (*) Upto 5 crore 4,000 Above 5 crore and upto 10 crore .....

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..... ng the provisions of this circular to the notice of the listed companies/Issuers and also to put up the same on the website for easy access to the investors ; and c) communicate to SEBI the status of the implementation of the provisions of this circular and the action taken in this regard in Section II, item no. 13 of the Monthly Development Report for the month of February, 2005. 4. The Dep .....

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