SEBI Panel Suggests Revision Of Fees For Market Entities


However, a revision in fee structure as per CRFR recommendations can boost Sebi's operational income to 378 crore in 2014-15.

At the current rates, Sebi is expected to post a deficit of 66 crore on operational account in 2013-14, while the gap can further increase to about 85 crore in next fiscal.

However, a revision in fees can help Sebi post a surplus of about 98 crore in the next fiscal 2014-15.

Before the CRFR review, Sebi's total income for the year 2014-15 is estimated at 372 crore, which would include 196 crore as fees from intermediaries, 158 crore as income from investments and about 18 crore as miscellaneous income.

With adoption of CRFR recommendations, the total estimated income can rise to 554 crore, on account of an increase in fee income.

The total revenue expenditure is estimated at 281 crore for the next fiscal and this would remain unchanged even after CRFR review. The expenditure for current fiscal is estimated at about 232 crore.

After taking into account capital and extraordinary expenditure, the regulator expects to post overall deficit of 146 crore in current fiscal, ending on March 31. It was estimated at about 77 crore.

However, a revision in fees as per CRFR recommendations can help the regulator post an overall surplus of 106 crore.

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Source: PTI