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of <h1>SEBI Circular Simplifies and Standardizes Issuance of Duplicate Securities Certificates; Introduces New Requirements and Waivers.</h1> The circular issued by SEBI on May 25, 2022, addresses the simplification and standardization of procedures for issuing duplicate securities certificates. It mandates that security holders submit specific documents, such as an FIR or police complaint, and publish an advertisement in a newspaper for lost securities. For securities valued under Rs. 5 Lakhs, some requirements are waived. Overseas holders may provide a notarized self-declaration. RTAs must verify security holder details before providing information. Duplicate certificates must be issued in dematerialized form, and fake certificates should be seized. Listed companies are advised to secure insurance against risks related to duplicate securities issuance. The circular supersedes previous guidelines and includes detailed operational guidelines and document formats.
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