SEBI'S ANNUAL FEES FOR '06-07 TRIPLES TO RS 200 CR

It’s not investors alone who have benefited from the stock market boom. Capital market regulator SEBI’s income for 2006-07 has tripled to Rs 200 crore from Rs 57 crore the year before, according to its annual report for 2006-07, which was put up on its website on Thursday.This is largely due to a surge in fees earned from companies which filed offer documents for their public issues, and from those which announced mergers and acquisitions. In addition, recurring fees collected from asset management companies and stock broking firms also witnessed a healthy growth.The biggest contribution came from the fees paid by M&A aspirant companies at Rs 52 crore. Fees from stock brokers and sub brokers was at Rs 45 crore, Rs 35 crore came from companies filing for prospectuses and offer documents.Indian companies sold shares worth a record Rs 45,137 crores in 2007 through public issues, with real estate companies dominating the initial public offers (IPOs) route, Prime Database said in a statement recently – www.economictimes.com