Sebi Eases Duplicate Securities Norms, Raises Limit to ₹10 Lakh for Simplified Process

• Sebi doubles the monetary threshold for simplified duplicate securities documentation from ₹5 lakh to ₹10 lakh.
• New norms aim for faster, more efficient, and investor-friendly process, promoting dematerialisation.
• Standardised Affidavit-cum-Indemnity Bond introduced; notarisation waived for securities up to ₹10,000.
• Documentation varies by value: simple undertaking for ₹10K, standard bond for ₹10L, additional FIR/ad for >₹10L.
• Rules effective immediately, apply to pending applications; duplicate securities issued only in demat form.

Why It Matters: Sebi simplifies duplicate securities issuance, making it easier for investors to recover lost shares.