SEBI Duplicate Securities Certificates: Simplified Process
Why in the news
SEBI proposed an easier route for duplicate securities certificates, which replace lost, damaged or stolen physical certificates of shares, bonds or mutual fund units.
Key facts
- Current rules sit in the SEBI Master Circular of 23 June 2025.
- Investors now need an FIR, a newspaper advertisement, and affidavit plus indemnity bond on stamp paper; practices vary across registrars.
| Aspect | Proposal |
|---|---|
| Threshold | ₹5 lakh to ₹10 lakh |
| Document | Single standard affidavit-cum-indemnity bond |
| Stamp duty | By claimant’s state of residence |
| Advertisement | Listed company may issue it |
| Above ₹10 lakh | FIR or equivalent with folio and certificate numbers |
Exam angle
- Regulator: SEBI; issue form: demat only.