Middlesex Massachusetts Certificate Regarding Lost Certificate and Indemnity
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FAQ
In case of loss of share certificates, the shareholders are required to inform the Company's Registrar & Transfer Agent (RTA) immediately about loss of share certificate(s), quoting their folio number and details of share certificate(s), if available, requesting to mark stop transfer against the lost share certificates
In the case of the alleged loss or destruction or the mutilation of a Share certificate, a duplicate certificate may be issued in place thereof, upon such terms as the Trustees may prescribe.
The bond usually costs between two or three percent of the current market value of the missing certificates; and. The owner must request a new certificate before an innocent purchaser acquires it.
Firstly, lodge a complaint at the nearest police station and obtain a First Information Report (FIR) clearly detailing the folio numbers, share certificate numbers, distinctive numbers, and number of shares, among others.
Most companies seek an indemnity ? a signed statement ? from the shareholder who has lost the certificate. The purpose of a lost share certificate indemnity is to protect the company from any loss arising from the use or misuse of the original certificate if it is recovered.
If an investor does not have or loses their stock certificate, they are still the owner of their shares and entitled to all the rights that come with them. If an investor wants a stock certificate, or if it is lost, stolen, or damaged, they can receive a new one by contacting a company's transfer agent.
If an investor does not have or loses their stock certificate, they are still the owner of their shares and entitled to all the rights that come with them. If an investor wants a stock certificate, or if it is lost, stolen, or damaged, they can receive a new one by contacting a company's transfer agent.
As soon as a shareholder realises that a share certificate has been lost, stolen or destroyed, they should contact the company secretary, or directors of the company concerned, both to report the loss and to request a replacement share certificate.
I/We am/are the sole and absolute owner(s) of the shares covered by the said share certificate(s) or cause the same to be surrendered to the Company, if and when the same is/are found. I/We therefore, request the , to issue duplicate(s) of the said share certificate(s).
Record the loss of the share certificate and the approval of issuing a replacement certificate at a directors' meeting. Issue a new share certificate and send it to the shareholder. If the replacement share certificate has a new number, the register of members should be updated to reflect this change.
