Sebi eases operational procedure on fee payments

New Delhi: Easing operational procedure, markets regulator Sebi on Wednesday asked companies and merchant bankers to pay the fees for filing public issues through the payment gateway provided on its intermediary portal.

The intermediaries can also generate an e-challan, which can be shared with the companies or entities for making the required payment. Once, the payment is made, the same will be updated on the Sebi's intermediary (SI) portal, the regulator said in two separate notices.

They have been asked to refrain from transferring the Sebi fees directly to the bank account of the regulator or through offline modes since such payments bypass the existing SAP system and create reconciliation issues.