IFFAS
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Duplicate Issue of Shares

We can assist investors in addressing and resolving issues related to the duplication of shares by providing comprehensive support by means of leveraging our expertise, resources, and networks to ensure a smooth and efficient resolution of the problem:

  • Verification and Documentation: The first step in resolving duplicate share issues involves verifying the investor’s claim and gathering necessary documentation. We help investors compile and verify the required documents, such as the original share certificates, proof of identity, and transaction records, to substantiate their claim.
  • Liaison with Companies and Registrars: We act as intermediaries between investors and the issuing company or its registrar and transfer agent (RTA) and facilitate communication and ensure that the process of issuing duplicate shares is handled efficiently. This includes submitting the required documents, following up on the status of the application, and addressing any queries or concerns raised by the company or RTA.
  • Affidavits and Indemnity Bonds: Often, obtaining duplicate shares requires investors to submit affidavits and indemnity bonds to indemnify the company against any future claims on the original shares. We assist in drafting these legal documents accurately and in compliance with the company’s requirements.
  • Police Reports and Public Notices: In some cases, especially if the original share certificates are lost or stolen, a police report and a public notice in a newspaper may be required. We guide investors through this process, helping them file a report with the police and publish the necessary notices to meet regulatory requirements.
  • Legal Support: If there are disputes or complications in the process of obtaining duplicate shares, we provide legal support by representing the investor in negotiations, mediation, or even litigation if necessary, to resolve the issue and ensure the investor’s rights are protected.
  • Expedited Processing: Our expertise and established relationships with companies and RTAs, often expedite the processing of duplicate share requests. Our experts know the intricacies of the process and can ensure that all requirements are met promptly to avoid unnecessary delays.
  • Follow-Up and Resolution: Throughout the process, we provide continuous follow-up to ensure that the request for duplicate shares is being processed. We can address any issues that arise and work towards a swift resolution, keeping the investor informed of progress and any additional requirements.
  • Fraud Prevention and Detection: We help investors detect and prevent fraud by investigating and taking appropriate actions to safeguard the investor’s interests in case of any suspicion of fraudulent activity related to the duplicate shares.
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