(1) A recognised stock exchange having an annual turnover mentioned in column (2) of the following Table shall pay to the Board, within thirty days of conclusion of the relevant financial year, an amount mentioned in the corresponding entry in column (3) of the said Table:
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(1) Annual Turnover (Rupees in crores)
(2) Amount of fee (Rs.)
(3)
1. Less than or equal to 10,000 1,00,000/-
2. More than 10,000 but less than or equal to 1,00,000 10,00,000/-
3. More than 1,00,000 but less than or equal to 5,00,000 50,00,000/-
4. More than 5,00,000 but less than or equal to 10,00,000 1,00,00,000/-
5. 1[More than 10,00,000 1,00,00,000 plus
0.000012 per cent of the annual turnover in excess of 10,00,000 crores]
Explanation: For the purposes of this sub-regulation, the expression “annual turnover” shall mean the aggregate value of the transactions 2[excluding turnover on agricultural commodity derivatives] which took place on the recognised stock exchange during the relevant financial year:
1 Substituted by the Securities and Exchange Board of India (Payment of Fees)(Amendment) Regulations, 2019 w.e.f.
01-04-2019. Prior to this, it read as:
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(1) Annual Turnover (Rupees in crores)
(2) Amount of fee (Rs.)
(3)
5. More than 10,00,000 *[Rs1,00,00,000 plus 0.00006% of the annual turnover in excess of Rs. 10,00,000 crores, subject to a maximum of Rs.20,00,00,000] *Substituted for figure “2,00,00,000” by SEBI (Payment of Fees)(Amendment) Regulations, 2014, w.e.f. 23-05-2014.
2 Inserted by the Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges) (Amendment) Regulations, 2018, w.r.e.f. April 01, 2018 3[Provided that the recognized stock exchanges shall pay a flat regulatory fee of one lac rupees on aggregate value of the transactions on agricultural commodity derivatives.]
4[***]
(2) A recognised stock exchange shall also pay to the Board, within fifteen days of end of each quarter of a financial year, an amount equal to ten per cent of the aggregate of listing fees collected by it from issuers whose securities are listed on it, during that quarter:
Provided that the fees due under sub-regulation (2) in respect of the last quarter of a financial year may be paid within thirty days of conclusion of the quarter, together with the fees due under sub-regulation (1).
Explanation: For the purposes of this sub-regulation, the expression “listing fees” shall mean all fees collected by a recognised stock exchange from any company or other entity whose securities are listed thereon, towards listing of such securities.
Manner of payment of fee
5. 5[(1) The fee mentioned in regulation 4 shall be paid by a recognised stock exchange by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI or by means of a demand draft drawn in favour of “Securities and 3 Inserted by the Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges) (Amendment) Regulations, 2018, w.e.f. April 01, 2018 4 Omitted by the Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges) (Amendment) Regulations, 2018, w.e.f. October 01, 2018. Prior to the omission, the proviso read as follows:
"Provided that for a period of two years from the date of commencement of Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges) (Amendment) Regulations, 2015, a regional commodity derivatives exchange shall pay to the Board, an annual regulatory fee of fifty thousand rupees, within thirty days of conclusion of the relevant financial year."
5 Substituted by the SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017, w.e.f. 6-3-2017.
Prior to the same, sub-regulation (1) read as follows:
“(1) The fee mentioned in regulation 4 shall be paid by a recognised stock exchange by means of a demand draft drawn in favour of the “Securities and Exchange Board of India”, payable at Mumbai and shall be accompanied by a statement of computation of the fees.” Exchange Board of India”, payable at Mumbai and the intimation of remittance or the demand draft, as applicable, shall be forwarded along with the statement of computation of the fee.]
(2) The statement of computation of fees mentioned in sub-regulation (1) shall be certified to be correct by a chartered accountant.
CHAPTER III MISCELLANEOUS Other duties of recognised stock exchanges