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Lost Share Certificate Worth 50 Lacs: Can I Still Claim It?
Samraat Jadhav |2225 Answers |Ask -Follow
Stock Market Expert - Answered on Mar 17, 2025
Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more
Question by Global on Mar 14, 2025Hindi
How to claim the lost share certificate and the investment stuck worth 50 Lacs.. Pls suggest.
Ans: To claim a lost share certificate in India, follow these steps:
Inform the Company: Notify the company or its Registrar and Transfer Agent (RTA) about the loss of the share certificate. Provide details like your name, folio number, and share certificate number.
File an FIR: Lodge a First Information Report (FIR) with the police, detailing the loss of the share certificate. This is a crucial step to document the incident officially.
Submit an Indemnity Bond: Prepare and submit an indemnity bond to the company, confirming your ownership of the shares and indemnifying the company against any claims.
Provide Supporting Documents: Along with the indemnity bond, submit other required documents such as a copy of the FIR, proof of identity, and address.
Freeze Share Transfers: The company will freeze the transfer of the lost shares for a specific period (usually 30 days) to prevent fraudulent activities.
Duplicate Certificate Issuance: After verifying your claim, the company will issue a duplicate share certificate.
Inform the Company: Notify the company or its Registrar and Transfer Agent (RTA) about the loss of the share certificate. Provide details like your name, folio number, and share certificate number.
File an FIR: Lodge a First Information Report (FIR) with the police, detailing the loss of the share certificate. This is a crucial step to document the incident officially.
Submit an Indemnity Bond: Prepare and submit an indemnity bond to the company, confirming your ownership of the shares and indemnifying the company against any claims.
Provide Supporting Documents: Along with the indemnity bond, submit other required documents such as a copy of the FIR, proof of identity, and address.
Freeze Share Transfers: The company will freeze the transfer of the lost shares for a specific period (usually 30 days) to prevent fraudulent activities.
Duplicate Certificate Issuance: After verifying your claim, the company will issue a duplicate share certificate.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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