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Securities and Exchange Board of India (SEBI)

December 7, 1992

To,

The President/Executive Director of
All Stock Exchanges.

Dear Sirs,

Committee on levy of fees

Attention is invited to SEBI’s press release dated November 30, 1992 whereby SEBI had, inter-alia, announced its intention to constitute an expert committee to look into issues arising out of the levy of registration fees especially with regard to clarifications sought by the various stock exchanges. Pursuant to the said announcement, SEBI has not constituted an expert committee consisting of the following members:

Shri R. S. Bhatt, Chairman

Shri J. N. Jhaveri, Jt. Managing Director, ICICI

Members

Shri M. R. Mayya, Executive Director, BSE

Shri C. B. Bhave, HOD-SMD-II, SEBI – Member Secretary

The terms of references of the Committee shall be as follows ;

1. to examine and recommend the various types of transactions, which may reasonably be taken into account to determine the turnover of stock brokers for purposes of levy of registration fees in accordance with Securities and Exchange Board of India (Stock-Brokers and Sub-Brokers) Regulations, 1992; and

2. any other related matter.

Accordingly, if you have any suggestions to make for the consideration of the Committee, the same may be forwarded to the member-Secretary of the Committee.

Yours faithfully,
sd/-
C. B. Bhave
HOD (SMD-II)

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