I lost my share certificates/ they got stolen – What should I do?
Procedure for issue of Duplicate Share Certificate?
i) Please lodge an F.I.R for loss of share certificates with the local police station of your area at the earliest giving details of folio number, certificate numbers and distinctive numbers, to the extent possible.
ii) Intimate the Registrar & Transfer Agent (RTA) of the Company immediately regarding loss of share certificates, giving details of folio number, certificate numbers and distinctive numbers, to the extent possible. Please note that an acknowledged copy of the Complaint / FIR should accompany the intimation to the RTA.
iii) The RTA will, thereafter, advise you on the documents to be executed for issue of duplicate certificates.
My share certificate(s) are in defaced/mutilated condition – What should I do?
Procedure for issue of new share certificate
i) An application for issue of a new share certificate should be made to the RTA of the company quoting the Folio no. certificate numbers and distinctive numbers, to the extent possible.
ii) The defaced/mutilated share certificate must be attached (in original) to the application for the purpose of issue of new share certificate(s) thereagainst.
Joint holding of shares - Is it beneficial?
It is always advised to hold shares in joint names to facilitate registration of shares in the name(s) of the surviving jointholder(s) without much documentation in the event of demise of any of the jointholder(s).
How do I add the name any other person as joint-holder to my holding?
i) Effecting an addition of name as a joint holder to an existing share holding is considered as ‘Transfer’ and attracts stamp duty.
ii) A Transfer Deed needs to be duly executed and stamped with an appropriate amount of stamp duty (currently 0.25% of the market value of shares).
iii) The completed transfer deed, thereafter, has to be sent to the Registrar & Transfer Agent (RTA). If the executed documents are found in order, duly transferred shares shall be returned to the transferee within 30 days of lodgment
What is 'deletion of names'? How is it done?
i) Deletion of name is the process of registration of shares in the name of surviving joint-holder(s) after deleting the name of deceased shareholder from the records of the Company.
ii) While shareholder holding shares in physical form are requested to approach the Registrar & Transfer Agent (RTA) of the Company for deletion of name(s) with the following documents, shareholders holding shares in electronic form are advised to approach their Depository Participant with whom they are having their demat account for deletion of name(s).
Documents required for deletion of name(s)
») Certified true copy of Death certificate(s) of the deceased shareholder(s)
») Original Re. 1/- share certificate(s) of Ferro Alloys Corporation Limited.
») A letter for deletion of name duly signed by all the surviving joint holders
The RTA will, thereafter, advise you on the documents to be executed for issue of duplicate certificates.
Nomination Facility - Is it available? How can I avail this facility?
Yes, you can nominate a person as per your desire by furnishing details of nominee in form 2B.
a.) For shares held in physical form
Completed Nomination Form (Form 2B) (click here for Nomination Form) has to be registered with the RTA of the Company
b.) For shares held in electronic form
Please contact the Depository Participant with whom you maintain a Demat Account.
NOTE:
1. Only one nominee can be registered under a folio. Further, any subsequent nomination revokes previous nomination.
2. A request for nomination/ effecting any change has to be made to the company in writing, duly signed by the holder and the same cannot be made by means of either fax or e-mail.
The RTA will, thereafter, advise you on the documents to be executed for issue of duplicate certificates.