Investment Advisor 2021 ( Fee Change)

Reduction in SEBI Investment Advisor Fees

Application :

Individuals and partnership firms - Rs 2,000

Corporates/ LLPs - Rs 10,000

Registration:

Individuals and partnership firms - Rs 3,000

Corporates/ LLPs - Rs 15,000

No. SEBI/LAD-NRO/GN/2021/04. – In exercise of the powers conferred by sub-section (1)  of section 30 read with clause (b) of sub-section (2) of section 11 of the Securities and  Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following  regulations to further amend the Securities and Exchange Board of India (Investment  Advisers) Regulations, 2013, namely, – 

1. These Regulations may be called the Securities and Exchange Board of India  (Investment Advisers) (Amendment) Regulations, 2021.  

2. They shall come into force on the date of their publication in the Official Gazette 

3. In the Securities and Exchange Board of India (Investment Advisers) Regulations,  2013, - 

I. after clause (m) of regulation 6, the following clause shall be inserted,  namely, - 

“(n) Whether the applicant is a member of a recognized body or body  corporate as specified under regulation 14: 

Provided that the existing investment advisers shall comply with the  requirement under this clause in such manner as may be specified by the  Board.”

Page 1 of 3 

II. in the Second Schedule, - 

i. in clause 1,  

a. sub-clause (a) shall be substituted with the following,  namely, - 

“For individuals and firms: ₹ 2,000” 

b. sub-clause (b) shall be substituted with the following,  namely, - 

“For body Corporate including Limited Liability  

Partnerships: ₹ 10,000” 

ii. clause 2 shall be substituted with the following, namely,- 

“2. Every applicant shall pay registration fee at the time of grant of  certificate by the Board as under:  

a. For individuals and firms: ₹ 3,000 

b. For body Corporate including Limited Liability  Partnerships: ₹ 15,000” 

iii. in clause 3,  

a. the words “prescribed at paragraph 2 above” shall be  substituted with the words and symbol “specified below,” 

b. after the words “has been paid”, the symbol “.” shall be  substituted with the symbol “:”  

c. after the newly inserted “:”, the following sub-clauses shall  be inserted, namely, - 

“(a) for individuals and firms: ₹ 1,000  

(b) for Body Corporate including Limited Liability  

Partnerships: ₹ 5,000” 

Sd/- 

AJAY TYAGI 

CHAIRMAN 

SECURITIES AND EXCHANGE BOARD OF INDIA

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