The Securities and Exchange Board of India (SEBI) has halved the broker turnover fee and the filing fee for draft documents.
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.
It 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.
Meanwhile, the new margin framework for derivatives segment that were announced in February and were scheduled to be introduced from May 1, have been postponed until June 1.