Upgrad LLM

joint shareholding


There is a joint share holding of a public limited company.The share certificate is lost!.the second holder is absconding.the first holder continues to receive dividends.How to apply for duplicate share certificate?.what is the law?

 
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Lawyer in Hyderabad.wats app no.9989324294

First, the shareholder must describe the loss and any facts surrounding the loss in an affidavit. Second, the shareholder must purchase an indemnity bond. The purpose of the bond is to protect the corporation and the agent in case the lost certificate is somehow redeemed by another party at a later date

 

 
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