Saturday, January 21, 2012

Indemnity Bond for duplicate share certificate-format


INDEMNITY BOND
(To be obtained from the transferee for transferring duplicate certificate issued in the name of the registered holder without producing the Transfer Deed(s)
To
The Board of Directors
<name of the company>
<Registered Office>

WHEREAS:
1.
I/We Mr./Mrs./Ms <> & Mr/Mrs/Ms <>  residing at <>had purchased from the open market for  valuable consideration, the shares of your company as detailed herein under:

Name of the Regd.
holder and Folio No
No. of shares
Cert Nos
Distinctive No(s)











2.
The above certificate(s) along with the Transfer Deed(s) duly signed by the Registered Holder(s), and by me/us were sent by me/us to the Company/its agent and have been lost or misplaced in transit and the same cannot be found despite best effort to trace them.

3.
I/We had purchased from the market through <> Stock and Share broker and Member of <>(Stock exchange) >< No. of Equity Shares for Rs. ___ each of Maharashtra Seamless Limited vide brokers/ Bill No._____ dated ________ (copy enclosed). I/We had made payments to the said broker vide cheque no. ________ dated _______ drawn on ____________ Bank for Rs.___________ which stands paid as confirmed by broker vide his letter dated __________ (copy enclosed).

4.
The property, beneficial interest and right in the said shares has been acquired by me and stand vested in me for the reason of my having paid the valuable consideration and that such consideration having been received by the  transferor through his/their brokers through whom the aforesaid shares were sold and that the shares along with the Transfer Deed(s) signed by the transferors have been lost, misplaced in transit and I/We solemnly affirm and declare that the shares have not been sold by me/us and the propriety in the said shares belong to me/us as on the date of this declaration.

5.
And whereas I/We am/are desirous of obtaining duplicate certificates to be issued in my/our name/s, the original which have been lost/misplaced in transit.

Now this deed of indemnity witness as under:
1.
In consideration of the Board of Directors/Committee of Directors of the Company agreeing to issue duplicate certificate(s) in the name of the Registered Holder and transfer in my/our name in respect of the shares aforesaid, I/We Mr/Mrs/Ms ___________________ for ourselves, respective heirs, executors and administrators do hereby jointly and severally covenant with the company, its successors or assigns that we and our heirs, executors and administrators respectively, will at all times and from time to time, save, defend and keep harmless and indemnify the Company, its successors, assignees, agents, and the Directors thereof and their respective heirs, executors, administrators, each of their estates and effects from and against all actions, causes, on account of the said shares or any of them or part of any person or persons whomsoever and against all damages and costs, charges expenses or sums of money incurred in respect thereof or otherwise in relation to the said shares.

2.
I/We declare that I/We have not pledged or deposited the original certificate (s) by way of security or otherwise, or transferred or sold, the said shares or any of them and I/We agree and confirm to return forthwith or any of them to the company for the purpose of cancellation the said original certificate(s) in case, the same shall be found any time hereafter.

3.
I/We further declare and agree in writing, that in the event of my/our failure to compensate the company/its agent in any action, suits and proceedings with the company/its agent, which the company/its agent might face for having issued the duplicate certificate(s) at my   /our request, the company/its agent can have a lien in general on all the securities, which I/We may be holding hereafter and also the dividend/interest declared or payable on the said securities or any other entitlements/payments due to me/us.
4.
I/We the said Mr/Mrs/Ms. ________________________ (names of all the shareholders) and surety
1. ________________________ (Name of surety)
2. _______________________ (Name of surety)

5.
Undertake on demand by the company/its agent to return and redeliver such duplicate certificate(s) and without such demand to produce and return forthwith to the company/its agent the original certificate(s) when found or traced and to take all actions, suites and proceedings at our own costs, as the company/its agent shall require for the recovery thereof, or otherwise in relation to the said securities.

6.
I/We hereby unconditionally and irrevocably submit to the exclusive jurisdiction of the Competent Court/Forum in Delhi, with regard to any question or matter arising our of these present and/or any other documents that may be executed by me/us in pursuance hereby or arising here from.




Dated    this <> of <>,  2012
<place>




<name of the share holder>
<name of the surety>
<age>
<age>
<name of father>
<name of father>
<address>
<address>
Witness





<name>
<name>
<age>
<age>
<name of father>
<name of father>
<address>
<address>






Note :

1. To be executed on a non-judicial stamp paper of Rs.100/-
2. In case of joint holding all the share holders should sign.
3 .Indemnity Bond & Affidavit should be attested by a Notary Public/1st Class Magistrate.
5. Surety should not be a joint holder

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