Duplicate Share Certificate

Duplicate Share Certificate

Duplicate Share Certificate allows the owner or authorized user to create, transfer and manage duplicate shares. With a certificate, you can create a temporary duplicate share. This safeguards against accidental deletions and protects your data from unauthorized access. This Share Certificate is for a single share of the Company, which is permitted to be transferred for this period.

Procedure of Duplicate Share Certificate are certificates that are created when a user creates a new share on a server and then immediately shares the share with another user. This creates a duplicate share certificate, which can cause problems when the two users attempt to access the share or when the server tries to authenticate the users. let’s know about Procedure of Duplicate Shares Certificates. If you notice that your share is not working properly because two users are trying to access it at the same time, you can try to resolve the issue by disabling duplicate shares on the server. You can also try to contact the users and have them delete their duplicate share certificates.

Issues of Duplicate Share Certificate:

There are a few issues that can arise when duplicate share certificates are used. One issue is that if one of the certificates is compromised, the attacker could use this to spoof the identity of the website or server. Another issue is that if the certificate is lost or destroyed, the site may not be able to operate properly.

Procedure of Duplicate Share Certificate Format :

A duplicate share certificate is a certificate that has been created twice. This occurs when a user receives a duplicate certificate from a different source. The duplicate certificate can cause problems if it is not recognized as a duplicate by the user’s software. A duplicate share certificate is not a security issue. A duplicate share certificate is simply an inconvenience. This type of certificate can cause problems if the user’s software does not recognize it as a duplicate. The most common problem with duplicate share certificates is that they can cause problems with file sharing.

What is a share certificate ?

A Share certificate is a form of financial instrument issued by banks, brokerage firms and trust companies to investors in the form of a certificate .

These certificates usually consist of one or more strips of paper, which may be cut into pieces and inserted into the relevant account according to instructions provided on the front portion of the document share certificate is a security issued by a company to one or more shareholders.Now we will tell you in brief about the Procedure of Duplicate Share Certificate.

 

 

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Share certificate lost or misplaced ,what are the steps which should be followed for the issue of Duplicate Share Certificate ?

The steps to follow in case of a duplicate of the share certificate or lost is to surrender the original document to the member and take a photocopy. Following these steps will help you establish your identity and hence prevent any misuse of your account.

The steps to be taken by shareholders when the share certificate is lost or misplaced are:

• The shareholder must immediately inform the company of the loss or misplacement of the share certificate.
• The shareholder must provide details of the lost or misplaced share certificate, such as name, folio number, address and share certificate number.
• Information about the loss or misplacement of the share certificate can be sent by postal mail to the Company’s address or by email to the Company.

Steps to be taken by a company when the share certificate is lost or misplaced are

• When a company receives the lost or misplaced share certificate information, it must freeze the transfer of shares for at least 30 days to prevent the transfer from being made illegally or fraudulently.
• After completing the necessary process and verifying the identity of the shareholder, the company must direct the shareholder to issue a duplicate share certificate.

Documents Required For Issue of Duplicate Share Certificate

• Name on the share certificate.
• Share certificate number.
• Folio number on the share certificate.
• Distinctive Share Certificate Issue Process

What are the documents required for the issue of duplicate certificates ?

Duly Signed Request Letter for issuance of Duplicate Shares

• Duly Notarized Indemnity Bond on Non-Judicial Stamp Paper of Rs 100/- (Format Attached)
• Duly Notarized Affidavit on Non-Judicial Stamp Paper of Rs 50/- (Format Attached)
• Specimen Signature should be attested by the Bank Manager with whom you are maintaining your account should be mentioning the all field of Bank (Format Attached)
• Duly Notarized Copy of FIR lodge in Police Station for loss / misplaced of share certificates
• Original unsigned cancelled cheque on which the name of the account holders should be printed them
• Self-attested copy of ID proof of the person signing the surety and witness on the all papers
• Original Copy of the Public Notice published in any Nationalized Newspapers for loss / misplaced of shares
• In case any difficulty calls at the RTA / STA of the Company.
• Self-Attested Copy of PAN
• Self-Attested Copy of ADHAAR
• Self-Attested Copy of Election ID

Thus We can know about Procedure of Duplicate Share Certificate .

Further Asked Questions