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Understanding the Issue of Duplicate Share Certificates and the Procedure for Issuance

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In the realm of investment and finance, share certificates serve as tangible proof of ownership in a company. However, circumstances may arise where shareholders encounter issues with their share certificates, such as loss, theft, or damage, necessitating the issuance of duplicates. Understanding the procedure and implications of issuing duplicate share certificates is crucial for shareholders to safeguard their investments effectively. What are Share Certificates? Share certificates are legal documents issued by a company to its shareholders, confirming their ownership of a specific number of shares in the company. They typically include details such as the shareholder's name, the number of shares owned, and the unique certificate number. Relevance and Importance Share certificates are essential for shareholders to assert their ownership rights and participate in corporate decision-making processes, such as voting at annual general meetings. Any issues concerning the validity or...