Twitter
Advertisement

Sebi earns Rs 390 crore in fees from market participants in FY16

The total fees earned by Sebi grew 21% in the year.

Latest News
article-main
FacebookTwitterWhatsappLinkedin

Regulator Sebi received Rs 390.87 crore as fees from securities market participants, including foreign portfolio investors whose contribution more than doubled in 2015-16 compared to the previous fiscal.

Total amount of fees collected by the Securities and Exchange Board of India (Sebi) is 21% more than Rs 323.02 crore garnered in 2014-15, the regulator's latest annual report showed.

Fees and other charges collected from FPIs stood at Rs 50.80 crore during 2015-16 -- more than double of Rs 21.87 crore received in the preceding fiscal.

Sebi collects fees from market intermediaries on both a recurring and non-recurring basis.

For FPI category, Sebi received a fee of Rs 28.31 crore on non-recurring basis and Rs 22.49 crore in recurring basis. Recurring fee which includes listing and regulatory charges, is paid on annual, three-yearly or five-yearly basis.

Non-recurring fees is received on one time basis and includes fees for offer documents filed/registration fees/application fees/takeover fees/informal guidance scheme/FII registration and FII sub accounts registration.

Of the total Rs 390.87 crore fee received by Sebi in the last fiscal, nearly 61% (Rs 78.63 crore) amount was registration charges from derivative members. The share of registration fee from derivative members stood at 59.61% of the total fees collected in 2014-15.

The largest recurring fees of Rs 78.63 crore was from derivatives members registration followed by Rs 34.15 crore from stock brokers and sub-brokers, during the last fiscal year, Sebi said in the report.

In the non-recurring fees category, the highest fees was collected from takeover fees (Rs 33.87 crore) followed by fees from offer documents and prospectuses filed ( Rs 29.34 crore) and FPIs (Rs 28.31 crore), it added.

Of the total fee collected in 2015-16, Rs 238.06 crore was on recurring basis, while Rs 152.81 crore was non-recurring fee. 

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.
Advertisement

Live tv

Advertisement
Advertisement