SEBI Simplifies Duplicate Share Rules, Big Relief for Small Investors

• SEBI has eased rules for issuing duplicate share certificates, significantly simplifying the process for investors.
• The simplified process now applies to shares valued up to ₹10 lakh, up from the previous ₹5 lakh limit.
• For shares up to ₹10,000, only a plain paper undertaking is required, eliminating notarization and extra costs.
• Duplicate shares will now be issued exclusively in demat form, promoting dematerialization and reducing fraud risks.
• Companies will now be responsible for issuing newspaper advertisements, charging only a minimal fee from investors.

Why It Matters: SEBI's new rules reduce paperwork, costs, and expedite duplicate share issuance, boosting investor confidence.