1. Duplicate share certificate will be issued provided it is proved that it is lost or destroyed.
  2. If the share certificate is mutilated or torn then the company may issue share certificate if such mutilated certificate is surrendered to the company.

[If the person is caught for doing fraud, the penalty is Rs. 10,000 to Rs. 1,00,000 and 6 months to 3 years of imprisonment]

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