SEBI REDUCES BROKER TURNOVER FEES AND FILING FEES FOR ISSUERS
• OVERVIEW
Securities and Exchange Board of India (SEBI) vide Press Release No. PR No.: 24/2020 issued and publish dated 27th April, 2020, has published SEBI reduces Broker turnover fees and filing fees for issuers”
KEY HIGHLIGHTS
• In its continuing efforts to help market participants to tide over challenges due to COVID 19, Securities and Exchange Board of India (SEBI) has decided to reduce broker turnover fees and filing fees on offer documents for Public issue, Rights issue and Buyback of shares.
• The broker turnover fee will be reduced to 50% of the existing fee structure for the period June 2020 to March 2021. The benefit of the above reduction in fees will automatically be passed on to the investors as well.
• Filing fees on offer documents for Public issue, Rights issue and Buyback of shares will be reduced to 50% of the existing fee structure. This will be effective for documents filed from June 1, 2020 to December 31, 2020.
- Relaxation in adherence to prescribed timelines issued by SEBI due to Covid 19
- SEBI Further Relaxations due to Lockdown Extension dated 16.04.2020
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