SEBI Simplifies Duplicate Securities Issuance, Raises Limit to ₹10 Lakh

SEBI has significantly eased the process for obtaining duplicate securities by doubling the simplified documentation threshold to ₹10 lakh and standardizing forms, making it faster and more investor-friendly. These changes, effective immediately, aim to reduce compliance burdens and promote dematerialisation across the Indian market.

• SEBI doubles simplified documentation limit for duplicate securities to ₹10 lakh.
• Standardized Affidavit-cum-Indemnity Bond format introduced.
• Notarisation requirement waived for securities valued up to ₹10,000.
• Documentation rationalized for holdings exceeding ₹10 lakh.
• New rules apply immediately, including to ongoing applications.
• All duplicate securities to be issued only in dematerialised form.

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