What is a Letter of Confirmation? How can I apply for it?
As per the latest SEBI circular, a Letter of Confirmation is issued (instead of physical share certificates) for the following service requests:
- Issue of duplicate securities certificates
- Claims from Unclaimed Suspense Account
- Renewal/exchange of securities certificates
- Endorsement
- Sub-division/splitting of securities certificates
- Consolidation of securities certificates/folios
- Transmission
- Transposition
Hence from now on, when you apply for new share certificates, you will be issued a Letter of Confirmation which can be submitted in place of the original share certificates.
Please note that the letter is valid for 120 days from the date of issuance.
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