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of <h1>Duplicate securities certificate issuance: SEBI raises simplified document threshold to ?10 lakh, easing notarisation; higher-value cases need extra proof.</h1> SEBI revises the procedure and documentation for issuance of duplicate securities certificates by listed companies and RTAs by increasing the threshold for simplified documentation from ?5 lakh to ?10 lakh, requiring only a prescribed standardised Affidavit-cum-Indemnity bond on appropriate non-judicial stamp paper up to that value, thereby reducing documentary burden and accelerating processing. For securities valued up to ?10,000, an undertaking on plain paper is permitted and notarisation of the Affidavit-cum-Indemnity bond is dispensed with, thereby lowering compliance cost. For securities valued above ?10 lakh, specified loss-related records must be furnished and the listed company must publish a newspaper advertisement, with processing timelines running from later of complete documentation or publication. The changes apply immediately, including to pending requests without requiring re-submission of already-filed documents, and duplicate issuance will be in demat mode.
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