Market regulator Securities and Exchange Board of India (Sebi) has reduced fees on filing of offer document for public issues, rights issues and mutual funds by 50-80%. The rationalisation of fee structure will be effective 1 April 2008.
Rationalisation of fees: Ad valorem fee for filing offer document by a mutual fund reduced from 0.03% to 0.005% subject to a maximum of Rs 50 lakh. Annual registration fee from custodians reduced from 0.001% to 0.0005%.
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