DUPLICATE ISSUANCE OF SECURITIES
DUPLICATE ISSUANCE OF SECURITIES
It is a situation where an equity shareholder has lost/misplaced etc., its physical Share certificates and for recovery of the same, it approaches the Company or its Registrar for issuance of a New Share certificate.
STEP-BY-STEP PROCEDURE FOR DUPLICATE ISSUANCE OF SECURITIES:
- Intimate Loss to Company/RTA: Immediately notify the company’s Registrar and Transfer Agent (RTA) in writing about the loss, theft, or destruction of the original certificates, stating all relevant details (folio numbers, distinctive numbers, certificate numbers, etc.).
- File FIR or Police Complaint: Lodge an FIR or police complaint specifically mentioning the security details. For securities up to ₹5 lakh in value, FIR/advertisement is waived as per SEBI guidelines.
- Publish Public Notice (if required): Place an advertisement in a widely circulated newspaper about the loss, as instructed by the company/RTA and if the value exceeds the specified threshold.