Indemnity for lost share certificate
Indemnity from a shareholder for a lost or destroyed share certificate
BackgroundÂ
Does a company have to issue share certificates?
By law, a shareholder is entitled to receive from the company an original share certificate for the shares which it holds, whether these were acquired following an allotment or a transfer of shares.
What can I do if I’ve lost my share certificate?
A shareholder who has lost or destroyed a share certificate is entitled to request a replacement certificate from the company. The company will usually require an indemnity for lost share certificate, under which the shareholder agrees to indemnify the company for any loss arising as a consequence of the issue of the replacement certificate.
What do I do if I can’t find my share certificate and want to transfer the shares?
On a transfer of shares, the transferring shareholder should deliver to the company the share certificate which covers the shares being transferred. If the share certificate has been lost or destroyed, the shareholder may instead deliver a lost share certificate indemnity, under which the shareholder agrees to indemnify the company for any loss arising as a consequence of the approval and registration of the share transfer in circumstances where the share certificate has not been produced.
About this indemnity for lost share certificate
This indemnity covers alternative situations depending on whether or not the shareholder is also at the same time transferring shares covered by the lost or destroyed certificate.
Document features
Features include:
- Alternative forms of indemnity, depending on whether or not the shareholder is also transferring shares
- Alternative forms of indemnity, depending on whether the shareholder is an individual or a company
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