SEBI Simplifies Duplicate Share Issuance, Boosts Investor Protection

• SEBI raises simplified documentation limit for duplicate share certificates from ₹5 lakh to ₹10 lakh.
• Investors with securities up to ₹10 lakh now need only a standardized affidavit-cum-indemnity bond.
• For values up to ₹10,000, a simple undertaking on plain paper suffices; notarization removed.
• New rules aim for efficiency, investor-friendliness, and promote dematerialization, applying immediately to new and pending cases.
• Experts laud the move, stating it will reduce high service fees and prevent investors from abandoning claims.

Why It Matters: SEBI streamlines duplicate share process, making it easier and cheaper for investors.