The National Securities Depository Limited, (NSDL) on June 03, 2024, issued a circular regarding the revision of Fees for Corporate Action for Alternative Investment Funds (AIF) Units and the introduction of new fees for Account Transfer & Encumbrance creation on ISINs under restricted transferability.
All Issuers, R& T Agents are hereby informed that the fee structure for corporate action for Alternative Investment Funds (AIF) Units has been revised as mentioned below-
•Corporate Actions - For debit or credit to accounts - For AIF Units ₹10 /- per record, subject to a minimum ₹500/- per ISIN corporate action
•Document Processing Fee - For AIF Units NIL
New fees for Account Transfer & Encumbrance creation on ISINs under restricted transferability is introduced as mentioned below-
Account transfer including Inter Depository Transfer in ISINs under restricted transferability (Charges to Issuers) and Creation of Pledge/Hypothecation/Hold under NDU in ISINs under restricted transferability – (Charges to Issuers)- The fees will be charged on the acceptance of the request by the Issuer. (i) For AIF Units & E-PTC: ₹500/- per request per ISIN (ii) For Others securities: ₹1000/- per request per ISIN (iii) In case of AIF Units no charges will be applicable for any transfer made from the Aggregate escrow demat account to BO demat account.
The above charges are applicable w.e.f. June 10, 2024.
[Notification No.: NSDL/CIR/II/10/2024]
