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of <h1>Share certificates and duplicate issuance rules: evidence of title, limited reissue cases, fraud intent triggers Section 447 penalties</h1> A share certificate issued under the company's common seal (if any) or signed by two directors or by a director and the Company Secretary (where appointed), specifying the shares held by a person, constitutes prima facie evidence of that person's title to the shares. A duplicate share certificate may be issued only where the original is proved lost or destroyed, or where it is defaced, mutilated or torn and surrendered to the company, thereby limiting duplication to specified contingencies. The manner, form, register particulars and related matters for issuing share certificates or duplicates operate as prescribed notwithstanding anything in the company's articles. For shares held in depository form, the depository's record is prima facie evidence of the beneficial owner's interest. Issuing a duplicate certificate with intent to defraud attracts enhanced monetary penalties for the company and officer liability under section 447.
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