SEBI prescribes timeline for payment of annual charge by Depositories
Editorial Note : The SEBI has notified amendment in Regulation 9 i.e., Payment of annual charge of SEBI (Depositories and Participants) Regulations, 2018. Now, a depository shall make payment of annual charge within fifteen days from the end of each month a percentage of the annual custody charges received by it from the issuers during the month. Earlier, no such timeline was prescribed