LOSS OF SHARE CERTIFICATE

PROCEDURE FOR OBTAINING DUPLICATE SHARE CERTIFICATE FROM HOUSING SOCIETY

In case of the Original Share Certificate is misplaced, lost or stolen, the complete procedure for obtaining Duplicate Share Certificate from Housing Society is given hereunder:

  1. Initially, the member shall file FIR on plain paper with Local Police Station stating that the Original Share Certificate issued by the Society containing Five Shares pertaining to the member’s flat situated in the same Society has been misplaced, lost or stolen. The member shall keep an acknowledged copy of the FIR. The draft of such FIR is given hereunder.
  2. The member shall make an application to the Society on plain paper that the said Original Share Certificate issued by the Society has been misplaced, lost or stolen and in lieu of which, a Duplicate Share Certificate be issued to him. An acknowledged copy of the FIR shall be attached with the application letter. The draft of such application is given hereunder.
  3. The member shall submit an Indemnity Bond on Stamp Paper of Rs. 500/- to the Society agreeing to indemnify the Society for all cost, expenses that with regards to the issue of a Duplicate Share Certificate. Original Indemnity Bond duly notarized shall be attached with the application letter. The draft of such Indemnity Bond is given hereunder.
  4. On receipt of application, the Secretary shall call a Managing Committee Meeting and get its approval for issuance of Duplicate Share Certificate to the member.
  5. The Society thereafter shall issue a Public Notice in two Local News Papers as also shall affix a Notice on the Notice Board of the Society inviting objections within fifteen days with regard to the issuance of Duplicate Share Certificate in lieu of original one being misplaced/lost or stolen by the applicant member.
  6. For issuance of Duplicate Share Certificate, the Society shall charge to the member the cost of issuance of Public Notice in News Papers before allotting a Duplicate Share Certificate.
  7. If no objections are received within fifteen days from the date of issue of Public Notice as also after affixing the Notice on the Notice Board then  the Society shall finally proceed ahead to issue a Duplicate Share Certificate.