SEBI Duplicate Securities Rules: Limit Raised to ₹10 Lakh
Why in the news
SEBI standardised and simplified duplicate certificate issuance, easing investor compliance.
Key facts
- Holdings up to ₹10 lakh get the lighter process.
- Claims up to ₹10,000: self-declaration or undertaking in place of notarisation.
- Documents already filed under earlier rules need not be resubmitted.
- Above ₹10 lakh: FIR or police complaint or court papers, newspaper advertisement if required, and extra due diligence at the issuer’s discretion.
Objectives
- Faster processing and less compliance.
- Push dematerialisation.
- Uniform practice across listed companies and RTAs.
Exam angle
- Limit: ₹5 lakh to ₹10 lakh.
- Notarisation waived: up to ₹10,000.