SEBI Eases Duplicate Securities Process, Increases Threshold to Rs 10 Lakh
14 hours agoBusiness
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SEBI Eases Duplicate Securities Process, Increases Threshold to Rs 10 Lakh

India's market regulator, SEBI, has simplified procedures for issuing duplicate securities by doubling the simplified documentation threshold to Rs 10 lakh from Rs 5 lakh. This move aims to enhance investor ease, reduce procedural burdens, and promote dematerialisation. SEBI has also introduced a standardized Affidavit-cum-Indemnity Bond format and removed notarization requirements for securities valued up to Rs 10,000. These changes are effective immediately and apply to ongoing applications, with provisions for investors who already submitted documents under the old framework.

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