How many days would take it after we apply for loss of share in a company to recieve new share
The time it takes to receive a new share certificate after applying for a lost one can vary depending on the company and the specific processes they have in place. However, it generally takes around 15-20 working days after submitting the required documents and paying the fees.
Here's a breakdown of the general timeline:
* Reporting the loss: You should report the loss of your share certificate to the company immediately.
* Freezing of shares: The company will freeze the transfer of the lost shares for at least 30 days to prevent any illegal or fraudulent transfers.
* Verification and processing: The company will verify your identity and process your application for a duplicate share certificate.
* Issuance of duplicate certificate: Once the company has verified your identity and processed your application, they will issue a duplicate share certificate to you.
The exact timeline may be shorter or longer depending on the company's efficiency and the volume of applications they are processing.
* https://www.mstock.com/articles/procedure-for-issue-of-duplicate-share-certificate
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