Issue of share certificate

This query is : Resolved

Ramesh R (Querist)
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05 August 2015 Dear Sir/Ma'am, Plz help me on this...

A Private Co lost the Share Certificates at the time of shifting registered office, so it's mandate that we should give a Police complaint for farther issue of duplicate share certificate. kindly explain procedure for issue of duplicate share certificate..

CS Divesh Goyal

CS Divesh Goyal (Expert)
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07 August 2015 Mr. Ramesh,

Company is not the custodian of Share Certificate. Once Share certificate issue they will be in the custody of Shareholder. So your justification is not correct.

But if you will say share certificate lost by the Shareholder. Then if you want to issue new share certificate you can do without FIR in police station.,

PROCESS FOR ISSUE OF DUPLICATE SHARE CERTIFICATES:
i. Shareholder will inform the Company about lost of Share Certificate.
ii. Company can ask for followings :
 Payment of fees of Rs. 50/- per share
 Supporting Evidence
 Indemnity Bond
 Payment of out of pocket expenses incurred by the company in investigation the evidence produced.
iii. Share Certificate shall state prominently on the face of it and be recorded in the Register maintained for the purpose that it is “DUPLICATE ISSUED IN LIEU OF SHARE CERTIFICATE NO……:”
iv. The word “DUPLICATE” shall be stamped or printed prominently on the face of the Share Certificate.

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