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According to media reports, SEBI has cut down application and registration fees for individuals and corporates seeking a registered investment advisor status. Accordingly, individuals and firms (partnership) will have to pay Rs 2,000 while applying for an investment advisor certificate. Earlier, they had to pay a higher amount of Rs 5,000 as application fee. The application fee for corporates including Limited Liability Partnerships (LLPs) has been brought down to Rs 10,000 from Rs 25,000.