SEBI Proposes Easier Duplicate Securities Certificate Rules

The Securities and Exchange Board of India (SEBI) wants to make it easier for people to get a new copy of their lost stock certificates.

Right now, if you lose your certificates, you have to do a lot of paperwork like filing a police report, putting a notice in the newspaper, and signing different forms.

This is only easier if the lost certificates are worth less than Rs 5 lakh.

SEBI wants to raise this limit to Rs 10 lakh.

This means if your lost certificates are worth Rs 10 lakh or less, you only need to sign one form.

If they are worth more, you still have to file a police report.

SEBI thinks this will make things simpler and cheaper for investors.

All new copies of certificates will also be in a digital form, not paper.