Issue of share certificate
This query is : Resolved
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..
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
(Expert)
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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
