In a view to combat challenges of COVID-19 Pandemic , SEBI on 27th April,2020 Vide PR No.:24/2020  notified to reduce Broker Turnover Fees and filing fees on offer documents for Public issue, Rights issue and Buyback of shares.

The broker turnover fee will be reduced to 50% of the existing fee structure for the period June 2020 to March 2021. The benefit of the above reduction in fees will automatically be passed on to the investors as well.

Filing fees on offer documents for Public issue, Rights issue and Buyback of shares will be reduced to 50% of the existing fee structure. This will be effective for documents filed from June 1, 2020 to December 31, 2020.

This will be seen as a welcoming step by Big Investors who are buying in this falling market and by corporates  who are planning to buyback shares at fallen rates or planning for IPO or right issue.


Securities and Exchange Board of India

Dated: Apr 27, 2020

PR No.: 24/2020

SEBI reduces Broker turnover fees and filing fees for issuers

In its continuing efforts to help market participants to tide over challenges due to COVID 19, Securities and Exchange Board of India (SEBI) has decided to reduce broker turnover fees and filing fees on offer documents for Public issue, Rights issue and Buyback of shares.

The broker turnover fee will be reduced to 50% of the existing fee structure for the period June 2020 to March 2021. The benefit of the above reduction in fees will automatically be passed on to the investors as well.

Filing fees on offer documents for Public issue, Rights issue and Buyback of shares will be reduced to 50% of the existing fee structure. This will be effective for documents filed from June 1, 2020 to December 31, 2020.

Mumbai

April 27, 2020

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