Listing fee

Every company listed on stock exchnages are required to pay annual Listing fees to concerned stock exchanges. Its a charge levied by Exchnage for providing a platform to deal with listed shares.

For example BSE charges listing fees as below

I think Custodian Fees applies to Demat and other Safekeeing services (Bank Lockers)

Its like charges for safekeeing of your securities, as they are holding securities on your behalf, which reduces you risk of loss or theft

Respected Sir,

Thank you for the replies and thereby solving my queries.
 

Regards,

Shreya Kar

good question asked by shreya.....

thanx for clearing.....

thanks........

As per Clause 38 of the Listing Agreement every company is required to pay annual Listing and custodian fees to Stock Exchange where the securities of the Company are listed and depositiories upto 30 April each year as per the shareholding and folio numbers as on 31st March that year. The details of which are as under:-

38.      a)       Payment of Listing Fees:

The Company agrees that as soon as its securities are listed on the Exchange, it will pay to the Stock Exchange an Initial Listing Fee as prescribed in Schedule II hereto annexed and made a part thereof, and that thereafter, so long as the securities continue to be listed on the Stock Exchange, it will pay to the Exchange on or before the 30th April, in each year an Annual Listing Fee computed on the basis of the capital of the Company as on 31st March and worked out as provided in Schedule II hereto annexed.  The company also agrees that it shall pay the additional Annual Listing Fee, at the time of making application for listing of securities arising out of further issue, as is computed in terms of Schedule II annexed hereto for any addition in the capital after 31st March.

    b)       Payment of Annual Custodian Fees to Depositories.

The issuer agrees to pay the depositories Annual Custodian Fees at such rates as specified by SEBI from time to time. The issuer agrees that failure to pay the fees will attract such penal action by SEBI as it may deem fit.

Detail Annual Listing Fee as under:

Annual Custodian fees is required to be paid upto 30 April to Depositories (NSDL and CDSL) @ Rs. 8 per folio registered with each depository or specified fees as per capital as on 31st March that year, which ever is more. The specified fees is as under:

          i)      Companies with paid-up capital* upto Rs. 5 crores                               Rs. 10,000

          ii)      above Rs. 5 crores and upto Rs. 10 crores                                          Rs. 15,000

          iii)     above Rs. 10 crores and upto Rs. 20 crores                                        Rs. 30,000