When can society issue duplicate share certificates?

In which case a duplicate share certificate is issued?

In case of loss or misplacement of Share Certificate, to avoid any financial loss to the Company and Shareholders, the Issue of Duplicate Share Certificate should be done.

When can a company issue duplicate share certificate?

A listed company should issue the duplicate share certificate within 45 days of submitting the documents to the company. An unlisted company should issue a duplicate share certificate within three months of submitting the documents to the company.

Can we get a duplicate share certificate?

In order to obtain Duplicate Share Certificates, You need to Lodge a complaint with Police Station and submit a Copy of FIR (mentioning Folio No, Share Certificate(s), Unit Name, Distinctive No(s) and no. of lost shares) in original or attested by notary/gazette officer.

How can I get duplicate share certificate from Housing Society in Maharashtra?

Answers (1)

  1. File an FIR in the local police station stating that you have lost the original share certificate issued to you by the housing society.
  2. You also need to make an application to the housing society informing them about the misplaced or lost share certificate and further request for a duplicate one.
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Who can issue a share certificate?

Requirements concerning Share Certificates

The share certificate must be signed by two persons authorized by the board of directors, one of which is typically the company secretary, who normally issue the share certificates on behalf of the company. The signed certificate becomes the original certificate.

Can I sell shares without a certificate?

You will need to be in possession of your share certificate(s) if you want to transfer or sell your shares. If your share certificate becomes lost or stolen, you will need to obtain a replacement by completing a Letter of Indemnity Form.

How do I issue a duplicate certificate?

A written request for issuance of duplicate certificate/s. b. An affidavit on non-judicial stamp paper of Rs. 20/- in the format available on the website affirming the specific reason and duly attested by Notary Public / Oath Commissioner /First Class Magistrate.

What if I lost stock certificates?

If your securities certificate is lost, accidentally destroyed, or stolen, you should immediately contact the transfer agent and request a “stop transfer” to prevent ownership of the securities from being transferred from your name to another’s. Your broker may be able to assist you with this process.

Can society hold your share certificate?

You must have the conveyance deed from the builder and it should be in the possession of your housing society. Before the housing society can issue a share certificate, ensure that the property is free of encumbrances. Make sure all dues are paid and there is no lien.

What happens if society does not transfer share certificates?

Without this share certificate, you can face issues in the future such as transferring the property to the rightful heirs, involvement or rights in any social events, police aid in case of crime, and many other such issues that may occur.

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Can cooperative society issue shares?

The shares of cooperative society are not issued to general public by advertisement and can be issued any time. Shares can be withdrawn member/ society as prescribed by rules in their byelaws.