SEBI slashes Broker turnover fees by 50%
Published: Apr 27, 2020
By TIOLCORPLAWS News Service
NEW DELHI, APR 27, 2020: THE stock market watchdog today released a press release informing its decision to reduce the broker turnover fees and filing fees on offer documents for Public issue, Rights issue and Buyback of shares. The decision has been taken in light of SEBI's continuing efforts to help market participants to tide over challenges due to COVID 19.
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.