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Listing fee

Shreya (a cs trainee) (51 Points)

13 September 2011

can anyone please tell me what is listing fee and custodian fee?

Regards,

Shreya kar

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7 Replies

Prakash (Chartered Accountant) (560 Points)
Replied 13 September 2011

Every company listed on stock exchnages are required to pay annual Listing fees to concerned stock exchanges. Its a charge levied by Exchnage for providing a platform to deal with listed shares.

For example BSE charges listing fees as below

Annual Listing Fees
(i)	Issue size up to Rs.5 Crs.	Rs. 2,500/-
(ii)	Above Rs.5 Crs. and up to Rs.10 Crs.	Rs. 3,750/-
(iii)	Above Rs.10 Crs. and up to Rs.20 Crs.	Rs. 7,500/-
(iv)	Above Rs.20 Crs.	Rs. 7,500/- plus Rs. 200/- for every increase Rs.1 Cr. or part thereof above Rs.20 crs. Subject to a maximum of Rs.30,000/- per instrument.

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Prakash (Chartered Accountant) (560 Points)
Replied 13 September 2011

I think Custodian Fees applies to Demat and other Safekeeing services (Bank Lockers)

Its like charges for safekeeing of your securities, as they are holding securities on your behalf, which reduces you risk of loss or theft

Shreya (a cs trainee) (51 Points)
Replied 13 September 2011

Respected Sir,

Thank you for the replies and thereby solving my queries.

Regards,

Shreya Kar

CA Pallav Singhania (IT System Auditor) (33157 Points)
Replied 13 September 2011

good question asked by shreya.....

thanx for clearing.....

ARUN KUMAR (Financial Consultant ) (992 Points)
Replied 13 September 2011

thanks........

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CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 14 September 2011

As per Clause 38 of the Listing Agreement every company is required to pay annual Listing and custodian fees to Stock Exchange where the securities of the Company are listed and depositiories upto 30 April each year as per the shareholding and folio numbers as on 31st March that year. The details of which are as under:-

38. a) Payment of Listing Fees:

The Company agrees that as soon as its securities are listed on the Exchange, it will pay to the Stock Exchange an Initial Listing Fee as prescribed in Schedule II hereto annexed and made a part thereof, and that thereafter, so long as the securities continue to be listed on the Stock Exchange, it will pay to the Exchange on or before the 30th April, in each year an Annual Listing Fee computed on the basis of the capital of the Company as on 31st March and worked out as provided in Schedule II hereto annexed. The company also agrees that it shall pay the additional Annual Listing Fee, at the time of making application for listing of securities arising out of further issue, as is computed in terms of Schedule II annexed hereto for any addition in the capital after 31st March.

b) Payment of Annual Custodian Fees to Depositories.

The issuer agrees to pay the depositories Annual Custodian Fees at such rates as specified by SEBI from time to time. The issuer agrees that failure to pay the fees will attract such penal action by SEBI as it may deem fit.

Detail Annual Listing Fee as under:

Sr. No.	Particulars	Amount
1	Initial Listing Fees	Rs. 20,000/-
2	Annual Listing Fees
(i)	Upto Rs. 5 Crs.	Rs. 15,000/-
(ii)	Rs.5 Crs. To Rs.10 Crs.	Rs. 25,000/-
(iii)	Rs.10 Crs. To Rs.20 Crs.	Rs. 40,000/-
(iv)	Rs.20 Crs. To Rs.30 Crs.	Rs. 60,000/-
(v)	Rs.30 Crs. To Rs.100 Crs.	Rs. 70,000/- plus Rs. 2,500/- for every increase of Rs. 5 crs or part thereof above Rs. 30 crs.
(vi)	Rs.100 Crs. to Rs.500 Crs.	Rs. 125,000/- plus Rs. 2,500/- for every increase of Rs. 5 crs or part thereof above Rs. 100 crs.
(vii)	Rs.500 Crs. to Rs.1000 Crs.	Rs. 375,000/- plus Rs. 2,500/- for every increase of Rs. 5 crs or part thereof above Rs. 500 crs.
(vi)	Above Rs. 1000 Crs.	Rs. 625,000/- plus Rs. 2,750/- for every increase of Rs. 5 crs or part thereof above Rs. 1000 crs.
	Note: In case of debenture capital (not convertible into equity shares), the fees will be 75% of the above fees.
* includes equity shares, preference shares, indian depository receipts, fully convertible debentures, partly convertible debentures and any other security convertible into equity shares.

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 14 September 2011

Annual Custodian fees is required to be paid upto 30 April to Depositories (NSDL and CDSL) @ Rs. 8 per folio registered with each depository or specified fees as per capital as on 31st March that year, which ever is more. The specified fees is as under:

i) Companies with paid-up capital* upto Rs. 5 crores Rs. 10,000

ii) above Rs. 5 crores and upto Rs. 10 crores Rs. 15,000

iii) above Rs. 10 crores and upto Rs. 20 crores Rs. 30,000