ISSUE OF DUPLICATES FOR LOST
SHARE CERTIFICATES
1. Subjects -
Issue of Duplicates for Lost Share Certificates.
2. Passing Authority - Board of Directors.
3. Nature of the Resolution -
Resolution with simple majority.
4. Specimen Agenda/Resolution(s)
The
Chairman tabled an application from
Mr.A for the issue of duplicate share/debenture stock certificates in respect
of 50 ordinary/preference shares/debenture stock nos 151 to 200 standing in the
name of the applicants supported by an Affidavit(s) dated 4th January 1999 and
6th January 1999 sworn before the Magistrate 1st Class/Notary Public
Chennai and a letter of indemnity
guaranteed by the New India Assurance Co. Ltd.
The
Chairman reported that the applicant has complied with the necessary
formalities including insertion of an advertisement regarding the loss in the The
Hindu(English) and Dinamani(Tamil).
RESOLVED THAT:the duplicate share/debenture
stock certificates in respect of 50 ordinary/preference shares/debenture
stock(s) no 151 to 200 be issued in the name of Mr. A, the applicant.
5. Guidelines:
1) The
clause gives an absolute discretion to the Directors as to the indemnity to be
furnished with which the Court will not normally interfere.
2) The
provisions of the Companies (Issue of Share Certificates) Rules, 1960 must be
complied with.
6. Filing: Nil.