The National Stock Exchange (NSE) on March 27, 2023, issued a notification regarding the SEBI Annual Clearing Membership fees payable by the Clearing/Self Clearing Members of Equity Derivatives, Currency Derivatives, Interest Rate Derivatives, Debt and Commodity Derivatives Segment of the NSE Clearing Limited (NCL) for the Financial year 2023-24.
The following has been stated namely: -
• The SEBI Annual Clearing Membership fees of Rs. 50,000/+GST - for F.Y. 2023-24, will be debited from the respective segment’s Settlement Bank Accounts, for which they are Clearing/Self Clearing Members from May 5, 2023, onwards till full collection of the fees.
• Sufficient funds are to be maintained in the respective bank account/s on the aforesaid date
• If funds are not available in the bank accounts provided, their Settlement Bank account for any other Segment will be debited
• Where due to the clearing member’s/self-clearing member’s default any fee which was liable to be paid on its behalf remains unpaid or is paid belatedly, it shall pay an interest of 15 percent per annum for every month of delay or part thereof to SEBI.
[Notification No. 11/2023]
