The Bombay Stock Exchange (BSE) on April 09, 2024, issued a notification regarding SEBI Annual Clearing Membership fees payable by the Clearing Members of Equity Derivatives, Currency Derivatives, Interest Rate Derivatives, New Debt, Commodity Derivatives, and Electronic Gold Receipt (EGR) Segments of the Indian Clearing Corporation Ltd. (ICCL) for the Financial year 2024-25.
The following has been stated: -
•The Clearing Members are informed that SEBI Annual Membership fees of Rs. 59,000/- for F.Y. 2024-25, will be debited on April 30, 2024 (Tuesday) onwards till full collection of the fees to the respective segment’s Settlement Bank Accounts, for which they are Clearing Members. Kindly ensure that sufficient funds are maintained in the respective bank account/s on the aforesaid date.
•Further, as per Securities and Exchange Board of India (Stock Brokers) Regulations, 1992, 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.
•No Invoices would be given to members with regard to SEBI Fees by ICCL. Please treat this Notice as an Invoice & GST Invoice will be given by SEBI directly to all members who are paying GST Fees. Please mail your GST Registration number and GST address.
•It is to be noted that in case of those members whose bank accounts are not available for any of the above derivative segments or found that funds are not available in the bank accounts provided, their Settlement Bank account for Equity Cash Segment will be debited. Members can transfer funds to the respective ICCL bank account & mail us the NEFT details.
The detailed notification is given in the document attached below.
[Notification No. 20240409-17]
