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SEBI Simplifies the Procedure for Issuance of Duplicate Securities

Published on May 26, 2022
Current Context: Market regulator the Securities and Exchange Board of India (Sebi) has simplified the procedure for issuing duplicate securities which provide a hassle-free experience and is investor-friendly.
SEBI Simplifies the Procedure for Issuance of Duplicate Securities
  • These changes have come due to a recent review of the regulator, on the procedure followed by the registrars and the issuer companies.
  • To claim duplicate securities, security holders have to submit a copy of FIR with details of the securities, folio number, distinctive number range, and certificate numbers However, if the value of securities does not exceed Rs 5 lakh, security holders don’t have to submit FIR.
  • If we consider overseas securities holders, apart from FIR, they have to submit a self-declaration of the security certificates lost, and also that copy should be attested by the Indian Consulate or Embassy.
  • SEBI has also provided provision for those holders also who lost folio number then RTA will have to provide the same to security holder after matching with their records.
  • The security holder will have to first comply with the KYC procedure In case the signature and/or the address do not match. so that he can get the details of the securities.
  • This provision will come into effect immediately.


Q.1 According to New SEBI rules, is the security holder is not required to submit FIR if the value of security doesn’t exceed?
a. 3Lakh
b. 4Lakh
c. 5 Lakh
d. 10 Lakh

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