Simplification of procedure and standardization of formats of documents for issuance of duplicate securities certificates

May 25, 2022

To
All Registered Registrars to an Issue and Share Transfer Agents (RTAs)
All Recognized Stock Exchanges
All Listed Companies through Recognized Stock Exchanges
All Investors’ Associations

Dear Sir / Madam,

1. SEBI has reviewed the process followed by the Registrars to an Issue and Share Transfer Agents (“RTAs”) and the Issuer companies for issuance of duplicate securities certificates.

1. 2. Based on feedback from investors, recent regulatory changes, and with a view to make issuance of duplicate securities more efficient and investor friendly, the procedure and documentation requirements for issuance of duplicate securities has been further simplified. The requirements are as specified below :
2. 1. 2.1 Submission by the security holder of copy of FIR including e-FIR/Police complaint/Court injunction order/copy of plaint (where the suit filed has been accepted by the Court and Suit No. has been given), necessarily having details of the securities, folio number, distinctive number range and certificate numbers.
   3. 2.2 Issuance of advertisement regarding loss of securities in a widely circulated newspaper
   5. 2.3 Submission of Affidavit and Indemnity bond as per the format prescribed by the Board.
   6. 1. 2.3.1 There shall be no requirement of submission of surety for issuance of duplicate securities
   7. 2.4 There shall be no requirement to comply with Para 2.1 and 2.2 of this circular, if the value of securities as on the date of submission of application, along with complete documentation as prescribed by the Board does not exceed Rs.5 Lakhs.
   9. 2.5 The applicant shall quantify the value of the securities on the basis of the closing price of such securities at any one of the recognized stock exchanges a day prior to the date of such submission in the application.

To Read More….
Click the link below….

Circular : https://www.dropbox.com/s/gm7zu2cvrktsb5v/Simplification%20of%20procedure%20and%20standardization%20of%20formats%20of%20documents%20for%20issuance%20of%20duplicate%20securities%20certificates.pdf?dl=0