SEBI (Investment Advisers) Regulations, 2013 amended reducing application and registration fees for certificate of registration under the Regulation

The Securities and Exchange Board of India (“SEBI”) has through a Gazette Notification dated 11th January, 2021 issued the Securities and Exchange Board of India (Investment Advisers) (Amendment) Regulations, 2021 amending the fees prescribed under the Regulation.

 

In terms of the amendment, application fees and registration fees for certificate of registration has been reduced as elaborated in the table below.

 

Securities and Exchange Board of India (Investment Advisers) Regulations, 2013 Securities and Exchange Board of India (Investment Advisers) (Amendment) Regulations, 2021 Implication
1. Every applicant shall pay non-refundable application fees along with the application for grant of certificate of registration as under:

a. For individuals and firms  5,000

b. For Body Corporate including Limited Liability Partnerships ­ 25,000

 

1. Every applicant shall pay non-refundable application fees along with the application for grant of certificate of registration as under:

a. For individuals and firms 5,000 ₹ 2,000

b. For Body Corporate including Limited Liability Partnerships 25,000­ ₹ 10,000

 

The application fees for grant of certificate of registration for individuals and firms has been reduced from Rs.5,000 to Rs.2,000 and for Body Corporate including Limited Liability Partnerships has been reduced from Rs.25,000 to Rs.10,000.
2. Every applicant shall pay registration fee at the time of grant or renewal of certificate by the Board as under :

a. for individuals and firms 10,000

b. for Body Corporate including Limited Liability Partnerships 5,00,000

2. Every applicant shall pay registration fee at the time of grant or renewal of certificate by the Board as under:

a. For individuals and firms: 10,000 ₹ 3,000

b. For body Corporate including Limited Liability Partnerships: 5,00,000 ₹ 15,000

 

The Amendment the registration fees for grant of certificate for individuals and firms has been reduced from Rs.10,000 to Rs.3,000 and for Body Corporate including Limited Liability Partnerships has been reduced from Rs.5,00,000 to Rs.15,000.

 

Additionally with the amendment the application of fees for renewal has been omitted.

3. An investment adviser who has been granted a certificate of registration, to keep its registration in force, shall pay fee prescribed at paragraph 2 above every five years , from the date of grant of certificate of registration or from the date of grant of certificate of registration granted prior to the commencement of the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2016, as the case may be, within three months before expiry of the period for which fee has been paid. 3 An investment adviser who has been granted a certificate of registration, to keep its registration in force, shall pay fee specified below prescribed at paragraph 2 above  every five years , from the date of grant of certificate of registration or from the date of grant of certificate of registration granted prior to the commencement of the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2016, as the case may be, within three months before expiry of the period for which fee has been paid :

 

(a) for individuals and firms: ₹ 1,000

 

(b) for Body Corporate including Limited Liability Partnerships: ₹ 5,000

The fees for an investment adviser who has been granted a certificate of registration has been specified as Rs.1,000 for individuals and firms and Rs.5,000 for Body Corporate including Limited Liability Partnerships.

 

Earlier the fees of an investment adviser was the same as registration fee for registration of certificate.

 

Source: Securities and Exchange Board of India

 

Share this:

Sign up for our

Newsletter

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Lexplosion will use the information you provide on this form to be in touch with you and to provide updates and marketing.