Justify the following statement.A Company can issue a duplicate share

1.	Justify the following statement.A Company can issue a duplicate share certificate.
Answer» A Company can issue a duplicate share certificate in the following circumstances: If original share certificate has been defaced, mutilated or tom and is surrendered to the company. If it has been proved by the holder that the original share certificate is lost or destroyed. In case of loss of share certificate, the company puts up a notice in the newspaper to announce the loss of the share certificate. If the company does not get any response from the public within the specified time, then the company issues a duplicate share certificate. Duplicate share certificate should be issued within three months from the date of application. Duplicate share certificate should be issued within 3 months from the date of application with bold ‘duplicate share certificate’ marked on it.

Justify the following statement.A Company can issue a duplicate share certificate.

Answer»

A Company can issue a duplicate share certificate in the following circumstances:

If original share certificate has been defaced, mutilated or tom and is surrendered to the company.
If it has been proved by the holder that the original share certificate is lost or destroyed.
In case of loss of share certificate, the company puts up a notice in the newspaper to announce the loss of the share certificate.
If the company does not get any response from the public within the specified time, then the company issues a duplicate share certificate.
Duplicate share certificate should be issued within three months from the date of application.
Duplicate share certificate should be issued within 3 months from the date of application with bold ‘duplicate share certificate’ marked on it.