Ease of doing investment - Review of simplification of procedure and standardization of formats of documents for issuance of duplicate certificates

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n Issue and Share Transfer Agents ('RTAs') dated June 23, 2025 ('master circular'), prescribed the documentary, procedural requirements and threshold for such issuance. 2. With the objective of further simplifying the procedure of issuance of duplicate securities and to make it more efficient and investor friendly, it was decided to review the threshold and to simplify the documentation for issuance of duplicate securities certificates. 3. To facilitate ease of doing investment for investors, it has been decided to increase the threshold for simplified documentation from the current Rs. Five Lakhs to Rs. Ten Lakhs; 4. To simplify the documentation, it has been decided to: 4.1. prescribe a standardised Affidavit-cum-Indemnity bon....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n a non-judicial stamp paper of appropriate value as prescribed by the Stamp Act of the state where the claimant resides. The value of the non-judicial stamp paper shall be reckoned as higher of the amount as prescribed for an affidavit and an indemnity individually" Para 22.1.2 Further, for securities having value up to Rs. Ten Thousand, as on the date of submission of application, the security holder shall submit an undertaking as per format specified at Annexure-A on a plain paper." Para 22.1.3 For securities having value more than Rs. Ten Lakhs, the claimant shall, in addition to the document mentioned in Para 22.1.1, submit a copy of FIR including e-FIR/Police complaint/Court injunction orde....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....No. 022-2644-9633 Email id - [email protected]   Annexure-A Format for Affidavit-cum-Indemnity FORM-A AFFIDAVIT-CUM-INDEMNITY [For issuance of duplicate securities] Note: This affidavit is to be executed in the presence of a Public Notary (in cases where the value of securities exceeds Rs. Ten Thousand) [To be submitted in non-judicial stamp paper of appropriate value as prescribed by the Stamp Act of the state where the claimant resides (in cases where the value of securities exceeds Rs. Ten Thousand)] I/We,_______________________________________________________ Son / daughter/spouse of ____________________________________________________ residing at ________________________________________________....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y way of security to any person/company. 5. I/We_______________________________hereby further swear / solemnly declare that if, after the duplicate share certificate(s) is / are issued to us as aforesaid, the original security(ies) certificate(s) is / are at any time subsequently, found, recovered or traced by us or by anyone on our behalf, then, we unconditionally undertake not to deal with the said original share certificate(s) in any manner whatsoever (whether by physical transfer or dematerialization or as security or pledge) and further unconditionally undertake to promptly surrender the original share certificate(s) to the RTA / Company, for cancellation. 6. I/We _____________________________am/are making the above solemn declar....