Daijiworld Media Network - Mumbai
Mumbai, Dec 26: In a move aimed at simplifying procedures and easing compliance for investors, capital markets regulator Securities and Exchange Board of India (SEBI) has announced a series of reforms relating to the issuance of duplicate securities and the Basic Services Demat Account (BSDA) framework.
To make the issuance of duplicate securities faster, more efficient and investor-friendly, SEBI has doubled the monetary threshold for the simplified documentation process to Rs 10 lakh, up from the earlier Rs 5 lakh.
Under the revised norms, investors holding securities valued at up to Rs 10 lakh will now be required to submit fewer documents, addressing procedural inconsistencies and reducing compliance-related hurdles.
In another significant relaxation, SEBI has revised the BSDA norms by excluding Zero Coupon Zero Principal (ZCZP) bonds and delisted securities from the valuation threshold used to determine eligibility for a BSDA.
The regulator said the changes are intended to enhance the BSDA facility, make investing simpler for retail investors, and reduce the compliance burden on depository participants.
SEBI added that the measures form part of its ongoing efforts to streamline market processes while improving ease of participation for investors.