SEBI (Merchant Bankers) (Amendment) Regulations, 2007

THE GAZETTE OF INDIA

EXTRAORDINARY

PART –III – SECTION 4

PUBLISHED BY AUTHORITY

NEW DELHI, TUESDAY, MAY 29, 2007

SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai,
the 28th May, 2007

SECURITIES AND EXCHANGE BOARD OF INDIA(MERCHANT BANKERS) (AMENDMENT)

REGULATIONS, 2007

No.11/LC/GN/2007/2517. – In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992, namely :-

1.These Regulations may be called the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2007.

2.they shall come into force on the date of their publication in the Official Gazette.

3.In the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992, in Schedule IV, for clause 1, the following clause shall be substituted, namely:-

“1. There shall be charged on every draft offer document submitted by a merchant banker to the Board, a fee at the following rates:

Public Issues

Size of the issue, including intended retention of oversubscription Amount / Rate of fees
Less than or equal to one crore rupees. A flat charge of ten thousand rupees (Rs.10,000/-).
More than one crore rupees, but less than or equal to five thousand crore rupees. 0.1 per cent. of the issue size.
More than five thousand crore rupees, but less than or equal to twenty five thousand crore rupees. Five crore rupees (Rs.5,00,00,000/-) plus 0.025 per cent of the portion of the issue size in excess of five thousand crore rupees (Rs.5000,00,00,000/-).
More than twenty five thousand crore rupees. A flat charge of ten crore rupees (Rs.10,00,00,000/-).

Rights Issues

Size of the issue, including intended retention of oversubscription Amount / Rate of fees
Less than or equal to two crores rupees. A flat charge of ten thousand rupees (Rs.10,000/-).
More than two crores rupees and less than or equal to five hundreds crores rupees. 0.05 per cent. of the issue size.
More than five hundreds crores rupees. A flat charge of twenty five lakhs rupees (Rs.25,00,000/-).”

[ADVT. III/4/69ZB/2007/Exty.]

DAMODARAN

CHAIRMAN

SECURITIES AND EXCHANGE BOARD OF INDIA

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