Question: A financial advisory firm received an official intimation from SEBI on 5th of September 2025 to pay its registration fee after its application was approved. The firm completed the payment on 22nd September 2025. Based on the SEBI (Investment Advisers) Regulations, 2013, did the firm pay the registration fee within the prescribed time line?
Answer: No, The Registration fee was not paid within the prescribed timeline. Under the SEBI Regulations, the registration fee must be paid within 15 days from the date of receipt of SEBI's intimation. 
Date of SEBI intimation : 5th of September 2025
Last date to pay: 20th of September 2025
Actual Payment date: 22 September 2025
Since, the payment was made 2 days after the prescribed deadline, the form did not comply with required timeline.

Supporting evidence:
title: sebi.gov.in/sebi-investment-advisers-regulations-2013-last-amended-on-december-08-2016-_34619.html
quote: The fee referred to in paragraph 2 shall be paid by the applicant within fifteen days from the date of receipt of intimation from the Board
context: - b. for Body Corporate including Limited Liability Partnerships
5,00,000
]
3. 10 [An investment adviser who has been granted a certificate of registration, to keep its registration in force, shall pay fee prescribed at paragraph 2 above every five
7 Substituted by the SEBI (Payment of Fees) (Amendment) Regulations, 2014, w.e.f 23.05.2014. Prior to its substitution, the Second Schedule read as under:
1. 'Every applicant shall pay non-refundable application fees of five thousand rupees along with the application for grant or renewal of certificate of registration.
2. Applicants which are individuals and firms shall pay a sum of ten thousand rupees as registration/ renewal fee at the time of grant or renewal of certificate by the Board.
3. A body corporate shall pay a sum of one lakh rupees as registration/ renewal fee at the time of grant or renewal of certificate by the Board.
4. The fee referred to in paragraph 1, 2 and 3 shall be paid by the applicant within fifteen days from the date of receipt of intimation from the Board by a demand draft in favor of 'Securities and Exchange Board of India' payable at Mumbai or at respective regional or local office.'
8 The words 'or renewal' omitted by the Securities andExchange Board ofIndia (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations,2016 w.e.f. 08-12-2016.

FEES

9 The words '/renewal' omitted by the Securities andExchange Board ofIndia (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations,2016 w.e.f. 08-12-2016.
years , from the date of grant of certificate of registration or from the date of grant of certificate of registration granted prior to the commencement of the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2016, as the case may be, within three months before expiry of the period for which fee has been paid.]
4. 11 [The fee referred to in paragraph 2 shall be paid by the applicant within fifteen days from the date of receipt of intimation from the Board by way of demand draft in favour of Securities and Exchange Board of India' payable at Mumbai or at respective regional or local office. or by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI.]

THIRD SCHEDULE

SecuritiesandExchangeBoardofIndia(Investment Advisers) Regulations, 2013
[ See sub-regulation (9) of regulation 15]