SECURITIES AND EXCHANGE BOARD OF INDIA
Mumbai, the 30th September, 1999
Securities and Exchange Board of India (Underwriters)
(Amendment) Regulations, 1999
S.O. 797(E). – In exercise of powers conferred by sub-section (1) of section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities and Exchange Board of India (Underwriters) Regulations, 1993, as follows :
(ii) They shall come into force on the date of their publication in the Official Gazette.
" 1. Every underwriter shall pay a sum of Rupees five lacs as registration fees at the time of the grant of certificate by the Board.
(b) The fee referred to in paragraph 2 shall be paid by the underwriter within fifteen days of receipt of intimation from the Board disposing off the application for renewal made under sub-regulation (1) of regulation 9.
D.R. MEHTA, Chairman