{"id":6951,"date":"2019-12-29T11:57:13","date_gmt":"2019-12-29T11:57:13","guid":{"rendered":"https:\/\/www.qualitycompanyformations.co.uk\/blog\/?p=6951"},"modified":"2024-05-01T00:44:52","modified_gmt":"2024-04-30T23:44:52","slug":"replace-lost-share-certificate","status":"publish","type":"post","link":"https:\/\/www.qualitycompanyformations.co.uk\/blog\/replace-lost-share-certificate\/","title":{"rendered":"How to replace a lost share certificate"},"content":{"rendered":"

Misplacing a share certificate does not affect the legal position regarding ownership of shares, but it can result in administrative delays and expenses if a shareholder wants to transfer or sell their shares. Below, we discuss the procedure for replacing a lost share certificate.<\/p>\n Transfer shares in your company today - for only \u00a369.99<\/span><\/a>\n \n

A share certificate is a legal document that is created by a company limited by shares and distributed to its shareholders to prove ownership of shares in the company. It\u00a0 provides independent evidence of title to shares (as per s.768 Companies Act 2006<\/a>) and enables its holder (the shareholder) to sell or transfer these shares to a new owner.<\/p>\n

When are share certificates needed?<\/h3>\n

Share certificates should generally be issued within two months after shares have been allotted, i.e. following purchase or transfer. According to section 24(1) of the model articles<\/a> for private companies limited by shares: \u201cThe company must issue each shareholder, free of charge, with one or more certificates in respect of the shares which that shareholder holds.<\/em>\u201d<\/p>\n

Share certificates are normally required whenever company shares are transferred or sold. The vendor\/transferor needs to return their existing certificate to the company which will cancel this and issue a new certificate to the purchaser\/transferee. Other circumstances in which share certificates need to be provided include:<\/p>\n