SEBI Simplifies Duplicate Share Issuance, Raises Threshold to Rs 10 Lakh

• SEBI simplified duplicate share issuance, raising the threshold for simplified documentation to Rs 10 lakh.
• Investors with securities up to Rs 10 lakh need a standardized Affidavit-cum-Indemnity bond.
• For securities up to Rs 10,000, a simple undertaking on plain paper suffices, with no notarization.
• Norms effective immediately, apply to pending requests, and aim to encourage dematerialization.
• The move addresses high fees and complexities in the current system, making it investor-friendly.

Why It Matters: SEBI streamlines duplicate share issuance, making it easier and more affordable for investors.