Issue of duplicate share certificate

Co Act 2013 1938 views 2 replies

Just do jot down the points in case if the share certificate is lost ,then what is the procedure for issue of duplicate share certificate?

Replies (2)

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.

Find attached the provision for Companies (Issue of Share Certificates) Rules, 1960

 

“RESOLVED that  since the share certificates has been  lost , the Company do hereby make arrangements for the issue of duplicate share certificates to the said shareholders.

 

(Provide details of such share certificates)

 

RESOLVED further that the Company do hereby waive the requirement of the publication of the notice of the loss of share certificate in the newspapers

 

“RESOLVED further that Mr. __________ Director of the Company, be and is hereby authorized to sign all such documents and deeds on behalf of the Company and to do all such acts, deeds and things as may be required for the issue of duplicate share certificates to the above shareholders whose original share certificates has been lost by the Company.”

 

P.S - Affidavit should be obtained for the same


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