Maharashtra Co-operative Societies Act 1960

How to issue Duplicate Share Certificate

As per ByLaw No. 8

1. File a First Information Report (FIR) at the local police station to register a complaint about the loss of the original share certificate. Obtain a copy of the FIR acknowledged by the police.
2. Write an application to the society requesting the issuance of a duplicate share certificate and attach a copy of the FIR with the application.
3. Submit an indemnity bond of Rs 200 to the society, indemnifying them against all costs and consequences of issuing a duplicate share certificate.
4. Upon approval by the Managing Committee, the society will post a notice on its notice board and publish notices in two local newspapers regarding the issuance of a duplicate share certificate.
5. After posting the notice on the society's notice board and publishing the advertisement in the newspapers, the society will wait for 15 days to receive any objections.
6. If no objections come, then the society will issue a duplicate share certificate to the member.