The capital markets regulator has incurred litigation expenditure in the range of Rs 4-5 crore (Rs 40-50 million) in each of the past three financial years, while such expenses could be even higher in the current fiscal ending this month.
Besides, Sebi may consider charging 'processing fees' for various service requests from companies, stock exchanges and market intermediaries, as many of such services are being provided for free despite significant costs incurred by the regulator in such matters, sources said.
Fees are proposed to be levied on all service requests, barring investor complaints, in accordance with the processing time, cost and procedures involved.
Besides, fees can be hiked for services like informal guidance and consent settlement.
These proposals are likely to be considered by Sebi board later this week and are based on recommendations made by a Committee on Rationalisation of Financial Resources, which has also suggested an upward revision in certain existing fees charged by the regulator from companies and market intermediaries, a senior official said.
The recommendations have been made to beef up Sebi's financial resources to help it meet expenses for its various regulatory and investor-centric
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