SEBI DOUBLES INTERMEDIARY CHARGES

The Securities and Exchange Board of India (SEBI) has doubled the fees for application, registration and renewal of licences of market intermediaries such as merchant bankers, credit rating agencies, underwriters, share transfer agents, debenture trustees, bankers to the issue, foreign venture capital funds and local venture funds with immediate effect. SEBI earlier imposed hefty filing fee for offer documents and others. The intermediary cost increase will directly impact fund raising cost and cost of other services in the capital market.