new post
http://www.rareindianshares.info/2020/08/issue-of-duplicate-share-cerificates.html
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OLD / ORIGINAL POST
Dear Anonymous Poster,
In case of loss of share certificates, the shareholders are required to lodge the First Information Report (FIR) immediately and write to the company enclosing therewith the original FIR (retain copy) requesting to mark stop transfer against lost share certificates. The letter should be signed by all the shareholder(s) in case shares are held in joint names.
In your case, I suppose you will have the folio details and number of shares(in the buyback offer), please write a mail to the Investor Relation Department
Issue Of Duplicate Share Certificate
Procedure Involved :
Whenever the Company receives any request for issue of Duplicate Share Certificate, in lieu of the lost one, the Company shall ensure that the Original Share Certificate does not exist.
The Company shall request for the Affidavit and Indemnity Bond, that the original Share Certificate has been lost. The Company can also request for the FIR of the lost Share Certificate (Depending upon the policy of the Company)
Such power to demand the indemnity from the shareholder vests with the Board of Director which may or may not demand the same. Nothing is statutorily required. Thus, normally in the case of small companies such requirements are dispensed with.
After the Company receives the request for issue of Duplicate Share Certificate, it shall come up with a newspaper advertisement stating the distinctive number, Company’s intention to issue Duplicate Share Certificate and inviting objection for the same. The advertisement can be made in the newspaper of nation-wide circulation. The Company shall specify the time duration for entertaining the objection.
Such public announcement or advertisement is generally done in large companies or large holdings. The expenses of such publication are to be borne by the Shareholder.
After ascertaining the authenticity of the request, the Company shall issue Duplicate Share Certificate in lieu of the lost one.
Important to note that for every issue of duplicate share certificate, prior resolution of the Board or a Committee is essential.
For Listed Company, no fees shall be charges. Unlisted Company can charge a fees not exceeding Rs. 2/- per share certificate.
On the face of Duplicate Share Certificate, it have to be mentioned that it is issued in lieu of the original one and on the middle of Share Certificate., word “DUPLICATE” shall be engraved.
Finally, the Duplicate Share Certificate shall be stamped and signed as per abovementioned Rules.
A new Register “Register of renewed and duplicate share certificates” shall be created and entries shall be made in it.
By the way, what has been the buyback price for Cheminvest
Satyakam Mishra
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http://rareindianshares.blogspot.com/2011/03/cheminvest-limited-acqisition-price-rs.html
---------------------------------------------------------------------------------------------------------------
We express our thanks to Mr. Satyakam Mishra for providing this very relevant information
Ashwani Kumar Aggarwal
http://www.rareindianshares.info/2020/08/issue-of-duplicate-share-cerificates.html
=============
OLD / ORIGINAL POST
Dear Anonymous Poster,
In case of loss of share certificates, the shareholders are required to lodge the First Information Report (FIR) immediately and write to the company enclosing therewith the original FIR (retain copy) requesting to mark stop transfer against lost share certificates. The letter should be signed by all the shareholder(s) in case shares are held in joint names.
In your case, I suppose you will have the folio details and number of shares(in the buyback offer), please write a mail to the Investor Relation Department
Issue Of Duplicate Share Certificate
Procedure Involved :
Whenever the Company receives any request for issue of Duplicate Share Certificate, in lieu of the lost one, the Company shall ensure that the Original Share Certificate does not exist.
The Company shall request for the Affidavit and Indemnity Bond, that the original Share Certificate has been lost. The Company can also request for the FIR of the lost Share Certificate (Depending upon the policy of the Company)
Such power to demand the indemnity from the shareholder vests with the Board of Director which may or may not demand the same. Nothing is statutorily required. Thus, normally in the case of small companies such requirements are dispensed with.
After the Company receives the request for issue of Duplicate Share Certificate, it shall come up with a newspaper advertisement stating the distinctive number, Company’s intention to issue Duplicate Share Certificate and inviting objection for the same. The advertisement can be made in the newspaper of nation-wide circulation. The Company shall specify the time duration for entertaining the objection.
Such public announcement or advertisement is generally done in large companies or large holdings. The expenses of such publication are to be borne by the Shareholder.
After ascertaining the authenticity of the request, the Company shall issue Duplicate Share Certificate in lieu of the lost one.
Important to note that for every issue of duplicate share certificate, prior resolution of the Board or a Committee is essential.
For Listed Company, no fees shall be charges. Unlisted Company can charge a fees not exceeding Rs. 2/- per share certificate.
On the face of Duplicate Share Certificate, it have to be mentioned that it is issued in lieu of the original one and on the middle of Share Certificate., word “DUPLICATE” shall be engraved.
Finally, the Duplicate Share Certificate shall be stamped and signed as per abovementioned Rules.
A new Register “Register of renewed and duplicate share certificates” shall be created and entries shall be made in it.
By the way, what has been the buyback price for Cheminvest
Satyakam Mishra
---------------------------------------------------------------------------------------------------------------
http://rareindianshares.blogspot.com/2011/03/cheminvest-limited-acqisition-price-rs.html
---------------------------------------------------------------------------------------------------------------
We express our thanks to Mr. Satyakam Mishra for providing this very relevant information
Ashwani Kumar Aggarwal
PL.GIVE CONTACT NO OF SATYAKAM MISHRAJI HE HAVE VERY GOOD INFORMATION NILESH KOTAK 9274038842
ReplyDeletepublishing of loss of share certificate can be done for as low as 890/- in 2 newspapers in Mumbai. log on to www.publicnoticeads.in for more details
ReplyDeleteThanks for the info Sir......
ReplyDeleteAlso can we put single advt for multiple shares lost ?
Thanks Sunil. Yes , you can give one ad for more than one share / company lost certificate
ReplyDeleteThanks Sunil. Yes , you can give one ad for more than one share / company lost certificate
ReplyDeleteShare certificate lost and the person to whom it belonged passed away, what is the procedure to obtain share certificates by legal heirs of the deceased?
ReplyDeleteWe are aware of the folio number.
ReplyDeleteShare certificate lost and the person to whom it belonged passed away, what is the procedure to obtain share certificates by legal heirs of the deceased?
ReplyDeleteFor transmission of lost share certificates of an expired person, the legal heirs may write to the Company Secretary or RTA (Registrar and Transfer Agent) of the company for transmission procedure. All companies has their own procedures. So obtain requisite forms as above and then claim the shares.
W C Goyal goyalwc@gmail.com