Thursday, May 20, 2010

Revision in Fees for ARN Registration& Renewal for distributors

AMFI vide their  circular no. 35P/MEM-COR/3/10-11  dated May 19, 2010 has revised the ARN Registration and Renewal Fees wef 1st June 2010 for all category of distributors as mentioned in their appended circular.  As mentioned in yesterday's mail, the certification and examination  will be conducted by NISM wef 1st June 2010 as against AMFI.  The validity period of certification for non-individuals will be three years.

 
 
35P/MEM-COR/3/10-11                                                May 19, 2010
 
Dear All,
 
Re : Revision of fees – ARN Registration/ Renewal
 
The AMFI Board at its Meeting held on May 5, 2010 has decided to revise the fees for registration/ renewal of ARN with effect from June 1, 2010 as follows :-
 
Entity
ARN Registration Fees ARN Renewal Fees
Banks/ NBFC/ Institutional Distributors
500,000
250,000
Public Ltd. Co.
500,000
250,000
Pvt. Ltd. Co.
50,000
25,000
Partnership Firm
25,000
12,500
Societies and Trusts/ HUF
25,000
12,500
Post Offices
15,000
7,500
Proprietorship Firms
10,000
5,000
Corporate Employees
5,000
2,500
Individual/Senior Citizens
5,000
2,500

 
It is further decided that the validity of ARN issued with effect from June 1, 2010 would be three years in case of non individual applicants. In case of individuals/ corporate employees, the validity period shall be computed from the date of receipt of application till the date of validity of AMFI/ NISM certificate.
  
 
 

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