Sebi amends rules governing mode of payment by market intermediaries

Sebi has notified rules asking all market intermediaries and companies to make regulatory payments to it by way of direct credit into the bank account through digital payment systems.

Under the rules, market intermediaries and companies are required to pay various fees to the Securities and Exchange Board of India (Sebi).

In a notification, Sebi said that the fee can be paid to the regulator by way of direct credit into the bank account through digital payment systems — NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Mobile Payment Service) — or online payment using the Sebi Payment Gateway.