NSE vide notice dated 09 Apr 2024 has clarified the 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.
Clearing Members for the Equity Derivatives, Currency Derivatives, Interest Rate Derivatives, New Debt, Commodity Derivatives and Electronic Gold Receipt (EGR) Segments of Indian Clearing Corporation Limited (ICCL) are hereby informed that as per Schedule V of Securities and Exchange Board of India (Stock Broker and Sub Broker Regulations, 1992), Members are required to pay SEBI Annual Membership fees of Rs.50,000/-, (Rupees Fifty Thousand Only) plus GST (18%) Rs.9000/- (Rupees Nine Thousand Only) amounting to total of Rs.59000/- (Rupees Fifty Nine Thousand Only) for each of the aforesaid segments in which they are Clearing Members. The fee shall not be applicable for Clearing Member in the Debt Segment if the Clearing Member has paid the fee as Clearing Member either for Equity Derivatives, Currency Derivatives, Interest Rate Derivatives, or Commodity Segment.
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 per cent per annum for every month of delay or part thereof to SEBI.
No Invoices would be given to members with regards to SEBI Fees by ICCL. Please treat this Notice as an Invoice & GST Invoice would be given by SEBI directly to all members who are paying GST Fees. Please mail your GST Registration number and GST address to iccl.membership@icclindia.com.
