(1) In these Regulations, unless the context otherwise requires:-
(a) “Act” means the Securities and Exchange Board of India Act, 1992 (15 of 1992);
(b) “Board” means the Securities and Exchange Board of India established under provisions of section 3 of the Act;
(c) “company” means a company as defined in section 3 of the Companies Act, 1956 (1 of 1956);
(d) “financial year” means the period of twelve months commencing on the first day of April every year;
(e) “quarter” means the period of three months commencing on the first day of April, July, October and January of each financial year;
(f) “recognised stock exchange” means a stock exchange which has been granted recognition under section 4 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956);
and
(g) “regulatory fee” means fees levied by the Board under these regulations for carrying out the functions under the Act and the Securities Contracts (Regulation) Act, 1956 (42 of 1956).
(2) All other words and expressions used but not defined in these regulations, but defined in the Act or in the Companies Act, 1956 (1 of 1956) or in Securities Contracts (Regulation) Act, 1956 (42 of 1956) or the rules and the regulations made thereunder or in the scheme, shall have the same meanings respectively assigned to them in such Acts or the rules or the regulations made thereunder or any statutory modification or re-enactment thereto, as the case may be.
CHAPTER II LEVY AND PAYMENT OF REGULATORY FEE ON STOCK EXCHANGES Regulatory fee on stock exchanges
3. On and from the commencement of these regulations, there shall be charged on every recognised stock exchange, a regulatory fee payable to the Board, at such rates and within such time as is mentioned in regulation 4.
Rate of regulatory fee