Issuance of duplicate securities certificates: procedures simplified, documentation standardised, and dematerialisation made mandatory within 120 days. Simplified, standardized procedure requires claimants to submit FIR/evidence and Board-prescribed Affidavit and Indemnity (no surety); exemptions apply where value Rs.5 Lakhs using prior-day closing price. Overseas holders may provide notarised/apostilled self-declaration with passport and address proof. RTAs/issuers must use prescribed forms, issue a Letter of Confirmation within 30 days, retain and deface physical certificates, and the claimant must dematerialise within 120 days or securities move to Suspense Escrow Demat Account. Duplicate securities must be issued only in dematerialized mode.
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Provisions expressly mentioned in the judgment/order text.
Issuance of duplicate securities certificates: procedures simplified, documentation standardised, and dematerialisation made mandatory within 120 days.
Simplified, standardized procedure requires claimants to submit FIR/evidence and Board-prescribed Affidavit and Indemnity (no surety); exemptions apply where value Rs.5 Lakhs using prior-day closing price. Overseas holders may provide notarised/apostilled self-declaration with passport and address proof. RTAs/issuers must use prescribed forms, issue a Letter of Confirmation within 30 days, retain and deface physical certificates, and the claimant must dematerialise within 120 days or securities move to Suspense Escrow Demat Account. Duplicate securities must be issued only in dematerialized mode.
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