Issue of share certificate
sudhir
(Querist) 08 September 2014
This query is : Resolved
MR.A WAS ORIGINAL OWNER OF A FLAT IN CHS SINCE 1970 IN MUMBAI. HE SOLD FLAT TO MR.B, MR.B SOLD IT TO MR.C. MR.C SOLD IT TO MR.D.ALL THE ENTRIES WERE MADE ON THE REVERSE OF THE SHARE CERTIFICATE.
MR.D SOLD THE FLAT TO MR.X. SINCE THERE WAS NO SPACE LEFT FOR ENTRY, A NEW SHARE CERTIFICATE WAS GIVEN IN CONTINUATION OF THE OLD ONE.
MR.X HAS LOST/MISPLACED THE EARLIER SHARE CERTIFICATE AND HE HAS THE NEW SHARE CERTIFICATE ONLY.
CAN SOCIETY GIVE OLD DUPLICATE SHARE CERTIFICATE AFTER APPROVING IN AGM?
OR WHAT IS THE PROCEDURE IN THE INSTANT CASE?
ajay sethi
(Expert) 08 September 2014
society can issue duplicate share certificate if member has lost original certificate . ask member to furnish indemnity bond in favour of society . public notice should also be issued regarding loss of share certificate
Rajendra K Goyal
(Expert) 08 September 2014
Yes it can issue after completing the formality.
Raj Kumar Makkad
(Expert) 08 September 2014
Definitely AGM can adopt resolution to provide such facility.
