New Delhi: The Security and Exchange Board of India is expecting an income surplus of more than Rs 156 crore after taking into account operational as well as capital expenses for the current financial year.
The revised estimates of Rs 156.27 crore are lower than Rs 193.37 crore original budget estimates for the current fiscal. The main reasons for downward revision are fall in income from offer documents, fee from mutual funds as well from alternative investment fund and investment advisors, among others.
According to the capital market regulator’s document on mid-term review of budget estimates, revised total income from fees from stock market intermediaries stands at Rs 330.31 crore, for the current financial year, down from Rs 378.38 crore original estimates. Its income from investment is expected at Rs 162.67 crore, an increase from the original estimates of 157.88 crore.
An amount of Rs 12.24 crore was received towards fee from filing of offer documents during April-December 2014 as against estimated income of Rs 24.72 crore for the whole of 2014-15. During the first nine months of 2014-15, only 23 offer documents were filed with Sebi as against expected 52 such filings for the whole of financial year.
