BSE shares fall 19% intra-day on SEBI orders: Rs 165 crore to be paid

Mumbai: Capital markets regulator SEBI ordered Bombay Stock Exchange (BSE Ltd) and Multi Commodity Exchange of India (MCX) to pay estimated regulatory fees based on the annual turnover of options contracts. Value of option contract. BSE has collected a total of Rs 68.64 crore as regulatory fee and GST (including interest of Rs 30.34 crore) from FY 2006-07 to FY 2022-23 and Rs 96.30 crore for FY 2024 under this differential fee. Repaid is likely to be Rs. Today BSE Limited shares fell by 18.64 percent intra-day. This was the biggest fall in the history of BSE.

The BSE stock today opened on NSE exchange at Rs 2728.45 against the previous close of Rs 3210.35 and at one point fell by 18.64 per cent to a high of Rs 2894.95 at Rs 2612.10 and finally closed at Rs 427.35 with a fall of 13.31 per cent at Rs 2783. At Rs. Which is the biggest fall after the listing of BSE shares in 2017.

Whereas MCX shares fell by 6.50 percent in intra-day. Shares of MCX today opened at Rs 4160 against the previous closing level of Rs 4167.80, rose up to Rs 4169.95 and fell by 6.50 percent to Rs 3897.55 and finally settled at Rs 105.10 i.e. 2.52 percent fall to Rs 4062.70 Indian Securities and The Securities and Exchange Board of India (SEBI) has ordered BSE to pay this regulatory fee along with the difference and interest of the previous years.

SEBI has asked for payment of various regulatory charges for the previous years, along with interest at 15 per cent per annum on unpaid, underpaid or any delay, BSE said in a filing to the exchange. Meanwhile, if SEBI has to pay regulatory fees, BSE will have to pay Rs 96.30 crore plus GST, BSE says. The difference fee of Rs 4.43 crore will be paid by MCX.

SEBI has said in a letter to BSE that it will be mandatory for BSE to pay the outstanding fees within one month from the date of receipt of this letter. It may be noted here that SEBI has introduced regulatory fees for authorized stock exchanges under the Stock Exchange Regulations 2006. As per these rules, exchanges are required to pay fees to SEBI within 30 days of the end of each financial year. The fee rate is determined by the annual turnover of the exchange.

The BSE filing further said that since the merger of United Stock Exchange (USE) with BSE in the financial year 2014-15, since the introduction of derivatives contracts, the exchange has been paying regulatory fees on annual turnover to the board. . Calculating premium value of contracts instead of notional value In a separate filing, BSE said the exchange is currently verifying the validity of Sebi’s claim. If it is valid then fees will be paid as required.