SEBI wants to make getting duplicate securities certificates way easier
SEBI is planning to shake up the process for getting duplicate securities certificates, aiming to cut down on paperwork and delays.
The changes are all about making things simpler and quicker for investors, no matter which company or registrar you're dealing with.
What's new in the proposal?
If your lost certificate is worth up to ₹10 lakh (up from the old ₹5 lakh limit), you'll only need a single affidavit-cum-indemnity bond—no more stacks of documents.
For amounts above ₹10 lakh, you'll still need an FIR or police report.
SEBI also suggests that companies must run newspaper ads when certificates go missing, so investors don't have to handle that themselves.
Why does this matter?
All duplicate certificates will now be issued only in digital (demat) form, making things safer and more convenient.
If you've got thoughts on these changes, SEBI's open for public feedback until December 16, 2025.