Sbi shares bought 20 years ago and lost documents .

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This query is : Resolved

rajat sharma (Querist)

12 August 2014 My father purchased SBI equity shares 20 years ago and we received cheques for dividend (may be div. warrants)first few years.Now we want to sell those shares but the problem is that we lost all documents related to shares except those few cheques in the name of my father.
So I will be grateful if anybody helps me to get back that shares .those shares worth around 120000/ today.
pls help us, we are middle class people and this amt is very big for us..
thank u

Nikhil Kaushik

Nikhil Kaushik (Expert)

13 August 2014 Dear Rajat,

It is a simple process. Good part is that you are still receiving dividend. That atleast gives the surety that your name is in the register of shareholders.

You just need to apply for issue of duplicate certificate. Before that you need to lodge a police complaint for loss of share certificates.

You need to notify M/s Datamatics Financial Services Ltd. , Registrar & Transfer Agent for SBI , through letter giving details like Ledger Folio no., Share Certificate no., number of shares etc., alongwith copy of Acknowledged Police Complaint lodged with Police.

M/s Datamatics Financial Services Ltd., will take a note of it and may decide to mark "stop transfer" against the Share Certificate. They will also arrange to send a set of documents (affidavit, indemnity, surety form, and questionnaire) to be executed by the share holder(s) for obtaining the duplicate share certificate.

M/s Datamatics Financial Services Ltd., will issue duplicate Share Certificate if your claim of loss of certificate is found correct and the documents submitted by you are in order, after completion of necessary formalities.

It is advisable to open a demat account and also apply for dematerialization of share certificate.

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