Sebi halves broker turnover fees, and filing fees for issuers

Mumbai: The Securities and Exchange Board of India (Sebi) said on Monday it has decided to reduce broker turnover fees and filing fees on offer documents for public issue, rights issue and buyback of shares.

The move is part of the market regulator’s continuing efforts to help market participants to tide over challenges due to Covid-19 and boost market sentiment.

The broker turnover fee will be reduced to 50 per cent of the existing fee structure for the period June 2020 to March 2021, and the benefit of the above reduction in fees will automatically be passed on to the investors as well, the markets regulator said in a release.


Filing fees on offer documents for public issue, rights issue and buyback of shares will also be half of the existing fee structure, and will be effective for documents filed from June 1 to December 31.