The Securities and Exchange Board of India in its press release dated 27th April 2020 has announced a reduction in broker turnover fees and filing fees on offer of documents for public issues, rights issues and buyback of shares.
SEBI has taken a slew of measures to ease pain points for issuers and intermediaries considering the Covid-19 crisis.
The broker turnover fee shall be reduced to 50 percent of the existing fee structure for the period June 2020 to March 2021, and the benefit of the reduction in fees shall automatically be passed on to the investors. Filing fees on offer documents for Public issue, Rights issue and Buyback of shares will be reduced to 50% of the existing fee structure. This will be effective for documents filed from June 1, 2020, to December 31, 2020.
Click here to read the press release.
