SEBI fees - another round of fee cuts

This is the third time in less than two years that SEBI has cut its fees - that it charges from intermediaries. The fee cuts are a result of a ballooning SEBI fund - a fund well in excess of what SEBI needs to operate for a decade or more even if it stops collecting any more fees. See my previous post on the subject. As I said earlier, the regulator would do well to hold on to say Rs. 5 billion (Rs. 500 crores) and hand over the balance to the consolidated fund of India as a one time cheque (RBI hands over a cheque each year - though the context is different as it acts as the government's banker).