The Securities and Exchange Board of India (SEBI) has proposed simplifying the process and documentation for issuing duplicate share certificates to investors — a move aimed at improving service efficiency and easing operational burdens for listed companies and RTAs.
Key Highlights
• Simplified process for issuing duplicate share certificates
• Proposed increase in threshold for simplified documentation from ₹5 lakh to ₹10 lakh
• Standardised affidavit-cum-indemnity format for consistency across issuers and RTAs
• Expected improvement in turnaround time and investor experience
• Greater uniformity in stamp duty and procedural requirements
Why this matters to Professionals
• Reduced procedural complexity in investor servicing
• Need to review and update internal checklists, SOPs and templates
• Closer coordination required with RTAs for process alignment
• Potential impact on grievance handling and audit documentation
