Author: CS Sachin Kotian
Published in: Taxmann
Losing your share certificates can be stressful, but ownership can be reclaimed by following the right steps. Shareholders should immediately inform the company in writing with details like folio and certificate numbers and provide an indemnity bond along with required documents. Filing a police FIR about the loss is recommended. The company verifies the claim, passes a board resolution, and issues duplicate certificates clearly marked as replacements. Both listed and unlisted companies have specific procedures and timelines under the Companies Act, 2013, ensuring legal recognition of ownership while protecting against misuse.
