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. -- Posted By FinPower to FinPower-"For Your Financial Power"<http://finpower.blogspot.com/2010/05/revision-in-fees-for-arn-registration.html>at 5/20/2010 08:20:00 AM -- Thanks & Regards Team FinPower http://finpower.blogspot.com Group:[email protected] <group%[email protected]> Yahoo Id:- finpower FaceBook:-http://www.facebook.com/home.php?#!/pages/FinPower/316009055309 Twitter:-http://twitter.com/FinPowerin SMS update:- Join FinPower 567678 HelpLine: +91 93753 66066 -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
