Duplicate share certificates: procedure to replace lost certificates and re-establish legal ownership through affidavit and indemnity.
Application for duplicate share certificates replaces lost, stolen, destroyed, or mutilated originals after the shareholder notifies the company or its Registrar and Transfer Agent, files a police report, and submits a notarised affidavit plus an indemnity bond. Where required a public notice is published to invite objections; the company verifies records, obtains an authorised resolution and issues a certificate marked "Duplicate," recording the action in its registers. Dematerialisation of the duplicate certificate is recommended to prevent future physical-loss risks. (AI Summary)