AMFI hikes ARN registration and renewal fees by 100% – Cafemutual

AMFI has increased the ARN registration and renewal fees by 100% effective October 1, 2024.
With this, the new ARN registration and renewal fee for individual distributors have been increased to Rs.3000 and Rs.1500 excluding GST, respectively. Such a fee was Rs.1500 (new registration) and Rs.750 (renewal). 
Similarly, AMFI has doubled EUIN registration and renewal fees to Rs.1500 and Rs.750, respectively.
AMFI has increased registration and renewal fees by 100% for all categories of distributors be it individual, sole proprietary, LLP, HUF or private limited. 
In April 2021, AMFI had reduced the registration and renewal rates by 50% during the covid times.
The current fee structure is in the line with pre-covid times, said AMFI.  In a circular, AMFI said, “The matter was reviewed by the AMFI Board at the Board Meeting held on Sept. 06, 2024 while discussing AMFI's Financials & Income & Expenditure and considering that the things are absolutely normal now and the economy in general and MF industry in particular has progressed immensely since the time the covid pandemic receded, the Board felt that it would be in order and justified to restore/ revert to the original / pre-Covid fee structure.”
Let us look at the table to know more:
MFD category
Registration Fees (in Rs.)
Renewal Fees (in Rs.)
Banks
4,00,000
2,00,000
Regional rural banks & Development credit banks
1,00,000
50,000
Non banking financial Company
1,00,000
50,000
Public Ltd. Co.
4,00,000
2,00,000
Pvt. Ltd. Co.
40,000
20,000
One Person Company
40,000
20,000
LLP
40,000
20,000
Partnership Firm
20,000
10,000
Urban Co-Op. banks, societies, trusts, HUFs
20,000
10,000
Post Office
15,000
7,500
Micro Finance Institution
15,000
7,500
Proprietorship firm
3000
1,500
Individuals
3000
1,500
Employees of MFDs (EUIN holders)
1500
750
* Plus GST @18%

source