September 21, 2018

Now levy of INR 100,000 per exchange on agricultural commodity derivatives’ turnover by SEBI


In a move that will benefit farmers, a nominal regulatory fee of INR 100,000 will be levied by the SEBI per exchange on agricultural commodity derivatives’ turnover rather than levying charges based on turnover slab rates.

The SEBI Board stated, “Instead of levying regulatory fee on the prescribed turnover-based slab rates, a nominal regulatory fee at a flat rate of INR 100,000 per exchange, will be levied on turnover arising from agricultural commodity derivatives.”

This is in line with the steps taken by SEBI, the exchanges and the government to promote the agricultural commodity derivatives’ segment so that the benefits are passed on to farmers and Farmers Producers Organisations (FPOs).

The SEBI further said that a separate fund would be created by exchanges dealing in agricultural commodity derivatives, earmarked for the benefit of farmers or FPOs.

The SEBI said, “The necessary guidelines for utilization of the proposed fund will be issued in due course.”

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