Housing society duplicate share certificate issue
Divakar
(Querist) 17 March 2016
This query is : Resolved
Dear Sir/Madam
Seek your advice;
A Member of society has lost Share certificate and applied for duplicate certificate.
Managing committee has verified the society records and share certificate still stands in the name of the applicant in society records.
Public notice has already been given in the newspapers and on society notice board.
Indemnity bond has been requested.
Once the indemnity bond from the member is received can Managing committee issue duplicate certificate? or any other procedures need to be complied with.
Hemant Agarwal
(Expert) 17 March 2016
1. An irrevocable Indemnity Bond, duly executed, is more than sufficient and safe, for the Society, to issue a duly marked "Duplicate Share Certificate".
Keep Smiling .... Hemant Agarwal
http://www.maharashtra-society-help-forum.com
Rajendra K Goyal
(Expert) 18 March 2016
Application, affidavit and indemnity should be obtained with other documents if being taken by the society.
