Issue of duplicate share certificates

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2012 Can Private Limited Company issue a duplicate share certificates in case of lost of original share certificate without demanding affidavit & indemnity bond from shareholders i.e. by waiving of such requirements by passing a board resolution.

Charu Srivastava

Charu Srivastava (Expert)
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07 January 2012 In accodance wuth Companies (Issue of Share Certificates) Rules, 1960

No duplicate share, certificate shall be issued in lieu of those that are lost or destroyed without the prior consent of the Board or without payment of such fees, if any, not exceeding Rs. 2 and on such reasonable terms if any, as to evidence and indemnity and the payment of out-of-pocket expenses incurred by the company in investigating evidence as the Board thinks fit.

Parashar

Parashar (Expert)
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07 January 2012 Companies Rules does not allow so.

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Querist : Anonymous

Querist : Anonymous (Querist)

09 January 2012 Can Company waive copy of FIR and only takes Affidavit & Indemnity?