Mumbai, Jan. 31 -- The Securities and Exchange Board of India on Friday issued a circular aimed at easing investing and doing business by doing away with the requirement of issuing a Letter of Confirmation for credit of securities to investors' demat accounts.

Under the revised framework, listed companies and Registrars to an Issue and Share Transfer Agents will directly credit securities to investors' dematerialisation accounts after completing the necessary due diligence. The move applies to investor service requests such as issuance of duplicate share certificates, transmission, transposition, claims from unclaimed suspense accounts and corporate actions.

Currently, investors are required to submit a Letter of Confirmation issued by ...