REGISTRATION FEES OF SUBBROKER TO DOUBLE NEXT YEAR

As per a Sebi notification, sub-brokers who were granted certificate of registration before August 1, 2006 are required to pay Rs.10,000 for the block of five financial years starting April 1, 2007. After the expiry of these five years, sub brokers are required to pay Rs.5,000 for every subsequent five financial years.