Procedure For Issue of Duplicate Share Certificate in India

In India, the process of issuing a duplicate share certificate is structured to ensure the security of shareholder ownership. SHARE CONNECTION is the Procedure For Issue of Duplicate Share Certificate in India. If you’ve lost or misplaced your share certificate, the first thing you should do is notify the firm or its Registrar and Transfer Agent. You must submit a formal application along with an affidavit stating the certificate’s loss. To prevent false claims after theft, a police FIR may be required. Additionally, an indemnity bond may be required to safeguard the company from potential risks relating to the lost certificate. Some businesses may also seek a newspaper advertisement to notify their loss.

Once the corporation has verified the information, a duplicate share certificate will be issued, stamped “duplicate” to distinguish it from the original. According to the company’s policies, a modest fee and stamp duty may apply. This procedure ensures that the shareholder’s ownership is secured and documented in the company’s records. It is suggested that you work closely with the company’s RTA or corporate secretary to ensure that this operation goes well.