RBI Grade BNABARD ESISEBI
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Context:
“RBI MPC Unpacked: Key Theory Meets Today’s Macro Trends”Tap to play · from the C4S channel
The Securities and Exchange Board of India (SEBI) has simplified and standardised the process for issuance of duplicate securities certificates, doubling the threshold for simplified documentation from ₹5 lakh to ₹10 lakh to ease investor compliance.
Key Changes Announced by SEBI
- Threshold doubled: Simplified process now applicable for holdings up to ₹10 lakh
- Objective:
- Reduce compliance burden
- Speed up processing
- Promote dematerialisation
- Ensure uniform practices across listed companies and RTAs
Key Changes Introduced by SEBI
- Higher Threshold for Simplified Process
- The value limit for availing simplified documentation has been enhanced from ₹5 lakh to ₹10 lakh.
- Investors with securities valued up to ₹10 lakh will now face reduced compliance requirements.
- Standardised Documentation
- SEBI has introduced a uniform Affidavit-cum-Indemnity Bond format.
- This ensures consistency across listed companies, RTAs, and reduces investor confusion.
- Relaxation for Very Small Claims
- For securities valued up to ₹10,000, notarisation is no longer mandatory.
- A simple self-declaration / undertaking will suffice.
- Mandatory Dematerialisation
- All duplicate securities will be issued only in demat form.
- Reinforces SEBI’s long-term objective of phasing out physical securities.
- Stricter Requirements for High-Value Claims
- For securities valued above ₹10 lakh, additional safeguards remain:
- FIR / police complaint or court documents
- Newspaper advertisement, if required
- Issuer discretion for enhanced due diligence
- For securities valued above ₹10 lakh, additional safeguards remain:
- No Re-submission of Documents
- Investors who have already submitted documents under earlier rules need not resubmit them.
