Explained: Sebi eases norms for duplicate securities, increases limit, and simplifies documentation. 5 things to know
The Securities and Exchange Board of India (Sebi) on Wednesday doubled the monetary threshold for the simplified documentation process for issuing duplicate securities to Rs 10 lakh from Rs 5 lakh. The Sebi move follows a consultation paper the market watchdog issued in November to ease investor compliance and remove inconsistencies. The regulator said the…