Procedure for obtaining duplicate shares

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2010 Dear sir

What is the procedure for obtaining duplicate shares(physical shares) of the company if the physical shares are lost or misplaced?

Are there any special powers to the directors or chairman of the company that can issue duplicate shares immediately to the shareholder as a special case, to avoid any procedures for obtaining duplicate shares if shareholder is too old and because of oldness that he/she could not follow the statutory procedures for obtaining duplicate shares

thanks

Aditya Maheshwari

Aditya Maheshwari (Expert)
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13 September 2010 visit this link https://www.caclubindia.com/forum/duplicate-share-certificate-69500.asp

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2010 thanks sir for the useful link

but in this case. if the first holder of the lost/misplaced shares is expired and being a joint holder, his widow wife is there, so can a widow can give indemnity bond,affidavit?

Is FIR or a public notice is compulsory for obtaining duplicate shares because she is the aged widow in this case?

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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13 September 2010 yes

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2010 thanks sir

can anyone elaborate more to this query?

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2010 waiting for more replies from the expert panel.Can anyone throw some light on this Query?

CS Richa Sharma

CS Richa Sharma (Expert)
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13 September 2010 First inform the Company about loss of share certificates quoting your folio number and details of share certificates if available. They shall immediately mark a caution on your folio to prevent any further transfer of shares covered by the lost share certificates.

Simultaneously, you will have to lodge a complaint with the police regarding loss of share certificates and also comply with the following formalities:

1. Furnish an acknowledged copy of the police complaint.

2. Furnish an indemnity for issue of duplicate share certificate.

Publish a notice in a newspaper for loss of share certificates and submit the paper cutting of the notice to the company. The notice should contain the details of registered shareholder(s), share certificate numbers and distinctive numbers of shares lost.
Upon receipt of all the above documents Co. shall proceed to issue duplicate share certificates to you.

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2010 thanks but
Is FIR is mandatory becoz the link provided by the expert in this question says that FIR is not mandatory and only indemnity bond could be enough.

Plz clear this doubt!!!

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Ankur Garg

Ankur Garg (Expert)
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14 September 2010 FIR is not mandatory and only indemnity bond is enough. Rest is dependent on the internal rules and regulations of the company.

But in case FIR asked by the company --you have to submit a copy.

Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2010 thanks ankur sir and all other experts for clearing doubt.