SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2021

Last updated: 07 May 2021

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The Securities and Exchange Board of India (SEBI) has introduced the SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2021. These new regulations mandate the use of SEBI's online payment gateway for all fee payments. This applies to various financial intermediaries including stock brokers, merchant bankers, debenture trustees, registrars, bankers to an issue, credit rating agencies, and depositories/participants. The amendments also specify payment timelines, requiring fees to be paid one month before the expiry of the current payment block.

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 5th May, 2021 SECURITIES AND EXCHANGE BOARD OF INDIA(PAYMENT OF FEES AND MODE OF PAYMENT) (AMENDMENT) REGULATIONS, 2021 No. SEBI/LAD-NRO/GN/2021/23. -In exercise of the powers conferred by section 30 of theSecurities and Exchange

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FAQ :

These are new regulations introduced by SEBI that amend existing rules regarding the payment of fees and the methods by which these fees should be paid by various financial entities.

The primary change is the mandatory use of SEBI's online payment gateway for all fee payments. Payments must be made via direct credit to the bank account through this online system.

The regulations affect stock brokers, merchant bankers, registrars to an issue and share transfer agents, debenture trustees, bankers to an issue, credit rating agencies, and depositories and participants.

Yes, for certain entities like merchant bankers, debenture trustees, registrars, bankers to an issue, credit rating agencies, and depositories/participants, fees must now be paid one month before the expiry of the block for which the fee has been paid.

These regulations came into force on the date of their publication in the Official Gazette.