In a bid to ease investor compliance and remove inconsistencies, Sebi on Wednesday doubled the monetary threshold for simplified documentation process for issuance of duplicate securities to Rs 10 lakh from Rs 5 lakh.
The regulator has simplified the procedure for issuance of duplicate securities certificates to make the process faster, more efficient and investor-friendly.
As part of the overhaul, Sebi said investors holding securities valued up to Rs 10 lakh will now be required to submit fewer documents, according to its circular.
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