In a recent corrigendum to its earlier notification on RIA regulations, SEBI has clarified that the reduced fee structure for registration and renewal of RIA license will be applicable from April 1, 2021.
On January 11, SEBI announced the reduction of the registration fee required for RIA license to Rs.3000 and Rs.5000 for individuals and corporates, respectively.
With this, individuals and firms (partnership) will have to pay Rs. 3,000 to obtain a new license and Rs. 1,000 to renew existing license as against Rs.10,000.
For corporates including limited liability partnerships (LLPs), the registration fee is reduced to Rs. 15,000 from Rs 5 lakh. Renewal fees have also come down to Rs 5,000 from Rs 5 lakh.
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|
New license fees (in Rs) |
|
|
|
New |
Earlier |
|
Individual and firms |
3,000 |
10,000 |
|
Corporates including LLPs |
15,000 |
5,00,000 |
|
|
|
|
|
|
Renewal of certificate fees (in Rs) |
|
|
|
New |
Earlier |
|
Individual and firms |
1,000 |
10,000 |
|
Corporates including LLPs |
5,000 |
5,00,000 |
Moreover, applicants who want to know the status of RIA application will have to pay Rs 2,000 (individuals) and Rs. 10,000 (corporates). The fee for such a request earlier was Rs 5,000 for individuals and Rs 25,000 for corporates.
