SEBI Eases Duplicate Share Rules: Investor-Friendly Changes Now Effective

• SEBI has simplified the process for issuing duplicate securities certificates to protect investor rights and facilitate ease of investment.
• The threshold for simplified document rules has been raised from INR 5 lakh to INR 10 lakh.
• Notarization is eliminated for low-value cases; an undertaking on plain paper suffices for securities up to INR 10,000, and a standard affidavit for up to INR 10 lakh.
• For securities exceeding INR 10 lakh, FIR/court documents are still required, plus a new newspaper advertisement by the listed company.
• The new rules are effective immediately and apply to all pending requests, aiming for a more effective and investor-friendly process.

Why It Matters: SEBI's new rules simplify duplicate share issuance, making the process faster and more investor-friendly.