How does one Publish a Share certificate Lost ad ?
Share Certificate is taken into account to be a very vital document issued to the member of the society the member who has lost his Original Share Certificate ought to build an application to the Society with Indemnity bond stating that he has misplaced/ lost his Original Share Certificate. On receipt of the appliance the Secretary ought to decision a Managing board meeting for supply of duplicate Share Certificate to the members.
They conjointly ought to quote the folio range and details of share certificates to the corporate for his or her reference. For more supply of a replica share Certificate, a newspaper advertisement is needed to be published in 2 newspapers. The advert must be revealed in a minimum of two Newspapers
The member should conform to indemnify the society for all value, expenses that with regards to the problem of a replica Share Certificate. The member ought to conjointly provide an enterprise that he has not mortgage or pledged the Share Certificate with any funding agency.
It is vital that the society could invite objections by affixing a notice on the bulletin board of the society. If no objections are received at intervals fifteen days from the date of affixing the notice on the bulletin board of the society then the society could proceed to issue a replica Share Certificate.
If your society share certificate gets lost / misplaced the society provides duplicate share certificates when fourteen days in one English & one regional language newspaper.
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Procedure to induce Duplicate Share Certificate of Society
To begin with, you’ll submit an application for duplicates, along side an indemnity bond for loss of share certificate of housing society to your society. The latter could be a contract, whereby you promise to create sensible any loss that will arise just in case the initial instrument is given.
Since some individuals mortgage originals as security with banks so raise duplicates, the society could raise you to administer an enterprise that you simply have lost the originals so as to avoid fraud.
The society can then invite objections by affixing a notice to its bulletin board moreover as through a notice within the newspaper. you’ll be asked to foot the associated prices, and a few societies even expect you to publish the share certificate lost ad on your own.
The Intention of the society is to ask claims and objections from any applicant / individual for supply of share certificate to the member. If no objection / claim is received than the society payoff to issue a replica share certificate