Ease of doing investment - Review of simplification of procedure and standardization of formats of documents for issuance of duplicate certificates
Summary
SEBI has increased the threshold for simplified documentation for issuing duplicate securities from Rs. Five Lakhs to Rs. Ten Lakhs. The circular mandates a standardized Affidavit-cum-Indemnity bond and removes notarization requirements for claims up to Rs. Ten Thousand. These revised provisions apply immediately, including to ongoing requests, while protecting investors from re-submitting already provided documents.
Text
increase the threshold for simplified documentation from the current Rs. Five Lakhs to Rs. Ten Lakhs
prescribe a standardised Affidavit-cum-Indemnity bond
rationalise the documentation for securities having value of more than Rs. Ten Lakhs
do away with notarisation of the Affidavit-cum-Indemnity bond for cases involving securities with value up to Rs. Ten Thousand
The listed company/RTA shall process all requests for issuance of duplicate securities strictly in accordance with the procedure laid down here
The provisions of this circular shall come into force with immediate effect... applicable to ongoing requests... if certain documents have already been submitted... shall not insist on re-submission
If the value of securities... does not exceed Rs.Ten Lakhs, the security holder shall submit an Affidavit-cum-Indemnity bond as per the format prescribed at Annexure-A, on a non-judicial stamp paper
for securities having value up to Rs. Ten Thousand... the security holder shall submit an undertaking as per format specified at Annexure-A on a plain paper
For securities having value more than Rs. Ten Lakhs, the claimant shall... submit a copy of FIR including e-FIR/Police complaint/Court injunction order/copy of plaint
For securities having value more than Rs. Ten Lakhs, the listed company shall issue an advertisement regarding loss of securities in a widely circulated newspaper... on a weekly basis
Source: SecMarx — Ease of doing investment - Review of simplification of procedure and standardization of formats of documents for issuance of duplicate certificates. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.