The requirements under clauses 1 and 2 shall not be deemed to be fulfilled if the value of the securities as on the date of application along with the complete documentation prescribed by the Board does not exceed the number of 5000 rupees.
Submission of an affidavit and bond of indemnity in a format prescribed by the board.An advertisement in a widely circulated newspaper relating to the loss of securities.Copy of FIR (including e-FIR) with details of securities, folio number, distinguishing numerical range, and certificate numbers.When applying for Duplicate Securities Certificates, the security holder is required to submit the following documents: Documents and Procedure to be followed by Securities Holder as per Notification 50 per certificate and be given on fair terms, like the provision of backing documentation, indemnification, and payment of the company’s out-of-pocket costs spent while examining the evidence presented, as described in this Policy. Without the Board/Stakeholders Relationship Committee’s prior approval or without paying the costs the Board/Stakeholders Relationship Committee deems appropriate, a duplicate share certificate may not be produced in place of those that are lost or destroyed. The criteria for issuing Duplicate Share Certificates All companies that are listed on recognized stock exchanges.All SEBI-registered Registrars of Issue and Share Transfer Agents (RTAs).The instructions entitled “simplification of the procedure and standardization of document formats for issuing a duplicate security paper” apply to the following entities: Who are the entities to whom the guidelines on the Issuance of Duplicate Securities Certificates have been made applicable?
A security certificate is also known as a Digital Certificate or as a Secure Socket Layer (SSL) certificate. A security certificate is used as a means to provide the security level of a website to general visitors, Internet service providers (ISPs), and Web servers. Meaning of Security CertificateĪ security certificate is a small data file used as an Internet security technique through which the identity, authenticity, and reliability of a website or Web application are established. The Guidelines provide a list of documents that security holders must submit in order to receive duplicate security certificates. Efforts have been made to introduce operational guidelines for processing requests from investors for services related to the issuance of duplicate securities certificates. This step was taken to make the process of issuing duplicate securities more efficient and investor-friendly. On May 25, 2022, SEBI issued guidelines that simplify the procedure and standardize the document formats required for issuing duplicate security certificates. The company may suggest setting up a process for issuing duplicate share certificates and developing a policy for it. The provisions relating to the issuance of the Duplicate Share Certificate are covered by Section 46 of the Companies Act, 2013, and Rule 6 of the Companies (Share Capital & Debentures) Rules, 2014. Intimation to Stock Exchange and Register of Renewed & Duplicate Share Certificates.Issuance of a Duplicate Share Certificate.The Process for Obtaining a Duplicate Share Certificate.Additional Documents from the annexure are to be submitted by the Securities Holder.Documents and Procedure to be followed by Securities Holder as per Notification.The criteria for issuing Duplicate Share Certificates.Who are the entities to whom the guidelines on the Issuance of Duplicate Securities Certificates have been made applicable?.In this article, we will discuss the Procedure & format of Documents for the Issuance of Duplicate Securities Certificates. The most recent action was taken after the regulator examined the procedures used by registrars, share transfer agents (RTAs), issuer corporations, and registrars to issue duplicate securities certificates. The watchdog has also provided a list of the documentation that security holders must provide when applying for duplicate securities certificates. Here are a brief explanation of the SEBI Procedure & Formats of Duplicate Securities Certificates. There are now operational procedures in place for handling investor service requests for duplicate securities certificates. To make the process more effective and investor-friendly, the markets’ regulatory body, the Securities and Exchange Board of India (SEBI), on Wednesday reduced the procedures and documentation requirements for the issue of duplicate securities certificates.
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