Vijay is holding 10,000 shares of Kamal Ltd., a listed company, in physical form. The price quoted for the share in stock exchange is ₹1,100. Due to change of house, Vijay could not locate the shares. He wrote to the Com

CS Professional · Drafting, Appearances and Pleadings · PYQS · June 2016
Vijay is holding 10,000 shares of Kamal Ltd., a listed company, in physical form. The price quoted for the share in stock exchange is ₹1,100. Due to change of house, Vijay could not locate the shares. He wrote to the Company Secretary of Kamal Ltd. for issue of duplicate share certificate. The company asked the following documents from Vijay to consider the request for issue of duplicate share certificate: (a) A copy of FIR; (b) An affidavit on a stamp paper of ₹10; (c) An indemnity bond on a stamp paper of ₹300 to be executed by the shareholder to the effect that in case the company suffers any loss due to issue of duplicate share certificate, the shareholder will indemnify the company to make the loss good; and (d) Since the value is large, a surety bond from a person other than the relative of the shareholder to make the loss good in case of any eventuality. Draft an indemnity bond on the basis of facts given above. You may imagine the facts/data wherever necessary.

Answer & Explanation:

Indemnity Bond for Duplicate Share Certificate I am Shareholder of Kamal Ltd., having its Registered Office at ........ and hold 10,000 equity shares of the face value ₹..... each, as per the details below:- Type of Security Folio No. No. of shares held Certificate no. Distinctive No. Equity E0213456 10,000 123154 10000-19999 The share certificate in respect of the said shares had/have been lost. The said shares were not pledged nor I have assigned the interest in the same to anyone. I am the sole and absolute owner of the said shares. I have therefore requested the company for issue of duplicate share certificates(s). in lieu of the original shares covered under Folio No. ........ and bearing Certificate No(s). ........ held by me. In consideration of the company so doing, I do hereby agree to indemnify the Company against any claims, charges, costs, damages and loses which the said company, may sustain, incur or be liable in consequences or in relation to issuance of duplicate share certificate(s) at my request. I further undertake to surrender the said share certificate(s) to the company if and when the same are found at a later date. In witness whereof I signed this ........ day of June, 2016-06-11. Name and address of the Shareholder(s) Signature of the Shareholder(s) Name and address of Witness Signature of the Witness

Topics: Drafting of Legal Documents

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