The Securities and Exchange Board of India (SEBI) has revised rules to simplify the issuance of duplicate securities and ease Basic Services Demat Account (BSDA) norms, in a move aimed at reducing compliance burdens for investors.
Under the new framework, the monetary threshold for simplified documentation in duplicate securities issuance has been increased to ₹10 lakh, up from the earlier limit of ₹5 lakh. This change will allow investors holding securities valued up to ₹10 lakh to obtain duplicates with fewer procedural requirements.
SEBI has also amended BSDA norms by excluding Zero-Coupon Zero Principal (ZCZP) instruments and delisted securities from the valuation threshold used to determine BSDA eligibility. The regulator said this step will make BSDA facilities more accessible and investor-friendly.
The reforms are part of SEBI’s broader efforts to streamline processes, promote dematerialisation, and strengthen investor protection. By easing documentation requirements and refining BSDA eligibility, SEBI aims to encourage wider participation in the capital markets, particularly among small investors.
Market experts believe the changes will reduce delays, improve efficiency, and provide greater clarity for retail investors, while ensuring that compliance remains balanced with investor convenience.
