The Securities and Exchange Board of India (Sebi) on Wednesday announced the reduction in fees payable by individual and corporate investment advisors for grant of a license and renewal of a certificate to practice.
It has also inserted a provision for taking membership of a self regulatory association into account, while granting a certificate.
Check all updated fee structure below:
Application fees
A fee of ₹5,000 was payable by individuals and firms and ₹25,000 by bodies corporate when applying for an investment advisor certificate.
This has been brought down to ₹2,000 and ₹10,000, respectively
Grant of Certificate
At the time of grant of certificate, a fee of ₹10,000 was payable by individuals and firms and ₹5 lakh by bodies corporate.
This has been brought down to ₹3,000 and ₹15,000 respectively.
Renewal of Certificate
In case of renewal of certificate the fees have also been reduced from ₹10,000 and ₹5 lakh to ₹1,000 and ₹5,000 respectively for the two categories of RIAs.
Press the Bell Icon for notifications of all updates
—Mint
