With effect from 1st April 2004, applications (all categories) submitted online on the DGFT website with digital signatures only shall be given the benefit of 50% reduction in licence fee. However, till the system stabilises a physical copy of the application along with supporting documents shall also be submitted to the Regional Licensing Authorities. Parties filing applications on-line without digital signature will not be entitled to the facility of concessional fees.
This circular is being issued in exercise of powers conferred by section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with section 10 of the Securities Contracts(regulation) Act 1956, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
