Have you lost your share certificate? Replace your lost share certificate with confidence
If your share certificate has been lost, stolen, or destroyed, you will need to confirm that the share certificate is lost and provide an indemnity before a replacement can be issued. This document protects the company from any financial risk in case the original certificate reappears and is misused.
What is this lost share certificate indemnity template?
The basics: If a share certificate is lost, stolen, or destroyed, a company’s articles of association usually allow directors to accept an indemnity from the shareholder instead of the missing certificate. This indemnity protects the company from financial loss if the original resurfaces and is misused.
Lost share certificate indemnity is required: In line with the company's articles of association and UK company law, companies may require shareholders to give an indemnity when a share certificate is lost or stolen. This legal safeguard ensures that the shareholder takes responsibility for any potential claims, protecting both the company and its stakeholders.
What should your lost share certificate indemnity include?
Get it right by using Docue's lost share certificate indemnity template. A robust lost share certificate indemnity should:
- Clearly specify the details of the shareholder and the amount/class of shares held;
- Confirm that the original share certificate has been lost, mislaid or stolen;
- Clearly define the scope of the indemnity and the protection afforded to the company;
- Outline the measures taken to issue a duplicate certificate (if applicable); and
- State which laws will govern any disputes or claims arising out of, or in connection with the lost share certificate indemnity.
What if you intend on transferring your shares, but you have lost your share certificate?
Losing your share certificate does not prevent you from transferring your shares. The key document that determines ownership is the company’s register detailing its shareholders, not the share certificate itself. This lost share certificate indemnity template can be used when you have lost your share certificate and you will be transferring your shares. Once the transfer is completed and the buyer is entered into the register of members, they will be recognised as the new shareholder.
Key benefits of using this lost share certificate indemnity template:
- Legally compliant: Aligned with UK company law and common articles of association.
- Easy to customise: Answer the questions to tailor the lost share certificate indemnity template to your company’s requirements.
- Protects all parties: – Ensures both the company and shareholder are protected
- Ready-made template with instant access: sign up to Docue today and create your own lost share certificate indemnity in minutes.
Related templates
-
Share certificate: A share certificate is issued as proof of ownership for shares in a company. It should be used when a company issues shares to a shareholder or when a shareholder requires a formal certificate to verify their ownership. If you’ve lost your share certificate, this template can be used to replace it after completing the necessary indemnity process. You can find our share certificate template here.
-
Statutory register template: A statutory register is used to maintain a record of all members of the company, including shareholders. This is a crucial document for tracking share ownership and changes to shareholder details, such as transfers of shares. If you’re dealing with a lost share certificate, the Statutory Registers should be updated to reflect any changes, ensuring that the company’s official records remain accurate. You can find our statutory register template here.
Both of these templates work together to ensure that your company’s share records are in order, even if the original share certificate is lost. By updating your statutory register and issuing a replacement share certificate, you can maintain a clear and legally compliant record of share ownership.
Docue’s share certificate template adapts to your needs
Created by lawyers: With Docue, you can create a top-quality share certificate in minutes. The lost share certificate indemnity template includes ready-made content designed by business lawyers.
Easy to use: To create your share certificate with confidence and speed, simply click through the intelligent tick box options and text box answers in Docue's share certificate template. Once you are all done, you can leverage Docue’s automatic storage to keep your share certificate safe and sound in Docue Drive.
Affordable: At Docue, we believe in transparent and cost-effective pricing without any hidden fees. You can check out our pricing here.
Ready to get started? Try Docue today and see why our customers love us.
Tags: lost share certificate indemnity template, lost share certificate indemnity
