Obtaining Duplicate Share Certificate

Obtaining Duplicate Share Certificate

Dematerialization, or Demat of Physical Share Certificate, is the process of converting physical share certificates into electronic form. This means that the shares are no longer held in paper form, but rather as digital records. Demat is required by the Securities and Exchange Board of India (SEBI) for all share trading through recognized stock exchanges. This is because demat makes it easier to trade shares, as it eliminates the need to physically transport share certificates.

A share certificate is your legal proof of ownership in a company. Without it, you might face difficulties in exercising shareholder rights, such as receiving dividends or voting at meetings. If your certificate is lost or damaged, it’s crucial to get a duplicate promptly.

Why You Might Need a Duplicate Share Certificate

1:- Loss or Misplacement: Share certificates can easily be misplaced during moves or misplaced paperwork.

2:- Theft: Stolen certificates can lead to unauthorized transactions.

3:- Damage: SWear and tear over time can render a certificate illegible.

4:- Name Change: Post-marriage or divorce, shareholders may need a new certificate reflecting their updated name.