Common use of FEES, CHARGES AND DEPOSITS Clause in Contracts

FEES, CHARGES AND DEPOSITS. 2.1. The Participant shall, apart from such fees, charges and deposits as may be payable to SEBI, pay to CDSL such fees, charges and deposits as specified 2[from time to time in its Operating Instructions]. In the event of the Participant failing to make payment of the fees, charges or deposits, as the case may be, by the respective due dates specified by CDSL in its Operating Instructions, then, in addition to any other rights or remedies that may be available to CDSL against the Participant, the Participant shall be liable to pay interest to CDSL on such delayed payment or part thereof on the quantum of such delayed payment at the rate 1 Inserted vide SEBI letter no. MRD/CDSL/VM/54623/05 dated 25.11.2005. 2 Inserted vide SEBI letter no. SMDRP/CDSL/9658/2000 dated 14.06.2000. 3[as may be prescribed by CDSL from time to time.] Such fees, charges and deposits shall be subject to any change or revision from time to time by CDSL provided however that CDSL shall, before effecting any increase in the fees, charges or deposits payable by the Participant as aforesaid, give the Participant at least one month's notice in that behalf.

FEES, CHARGES AND DEPOSITS. 2.1. The Participant shall, apart from such fees, charges and deposits as may be payable to SEBI, pay to CDSL such fees, charges and deposits as specified 2[from time to time in its Operating Instructions]. In the event of the Participant failing to make payment of the fees, charges or deposits, as the case may be, by the respective due dates specified by CDSL in its Operating Instructions, then, in addition to any other rights or remedies that may be available to CDSL against the Participant, the Participant shall be liable to pay interest to CDSL on such delayed payment or part thereof on the quantum of such delayed payment at the rate . 1 Inserted vide SEBI letter no. MRD/CDSL/VM/54623/05 dated 25.11.2005. 2 Inserted vide SEBI letter no. SMDRP/CDSL/9658/2000 dated 14.06.2000. 3[as may be prescribed by CDSL from time to time.] Such fees, charges and deposits shall be subject to any change or revision from time to time by CDSL provided however that CDSL shall, before effecting any increase in the fees, charges or deposits payable by the Participant as aforesaid, give the Participant at least one month's notice in that behalf.