Archive · 25 Dec 2025
SEBI Eases Norms for Securities
SEBI, the stock market regulator in India, has made it easier for investors to get duplicate copies of their lost or damaged securities.
They have doubled the money limit for simpler paperwork to ₹10 lakh from ₹5 lakh.
Now, investors with securities worth up to ₹10 lakh need to fill out fewer forms.
For smaller amounts up to ₹10,000, they don't even need to get their forms notarized.
For bigger amounts over ₹10 lakh, they need to provide extra documents like a police report.
SEBI also decided to exclude certain bonds and delisted securities from the valuation threshold for Basic Services Demat Account (BSDA).
This means these securities won't be counted when checking if an investor is eligible for BSDA.
The new rules started right away for duplicate securities and will come into effect from March 31, 2026, for BSDA changes.
These changes are to make investing simpler and reduce the paperwork for investors.
SEBI doubled the monetary threshold for simplified documentation to ₹10 lakh for duplicate securities.
Investors with securities up to ₹10 lakh need to submit fewer documents, and notarization is waived for securities up to ₹10,000.
For holdings above ₹10 lakh, additional documents like FIR or court order are required.
SEBI excluded ZCZP bonds and delisted securities from the valuation threshold for BSDA eligibility.
DPs must review BSDA eligibility quarterly and convert eligible accounts to BSDA by default unless the investor consents otherwise.
- Who
- Securities and Exchange Board of India (SEBI)
- What
- Eased norms for duplicate securities issue and BSDA framework
- When
- December 24, 2025 (effective immediately for duplicate securities, March 31, 2026 for BSDA changes)
- Where
- India
- Why
- To ease investor compliance, reduce burden, and promote dematerialisation
- Threshold Increased
- ₹10 lakh
- Simplified Documentation
- Standardized Affidavit-cum-Indemnity Bond format
- Notarization Waiver
- For securities up to ₹10,000
- Additional Requirements
- FIR, police complaint, or court order for holdings above ₹10 lakh
- Effective Date
- Immediately
- Applicability
- All listed companies and RTAs
- BSDA Exclusions
- ZCZP bonds and delisted securities
- BSDA Valuation
- Based on daily closing prices or NAVs
- BSDA Review
- Quarterly review of all accounts
- BSDA Default
- Automatic conversion to BSDA unless investor consents otherwise
Sources
Sebi eases norms for issue of duplicate securities; raises limit to ₹10 lakh
SEBI simplifies duplicate securities process, raises threshold to Rs 10 lakh
SEBI revises BSDA rules, excludes ZCZP bonds and delisted securities from valuation
SEBI eases documentation norms for duplicate securities, increases limit to ₹10 Lakh