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CS Professional · Strategic Management and Corporate Finance · Role of Intermediaries in Fund Raising

Meera Industries Ltd received a request from a shareholder holding physical shares for issuing duplicate share certificates after loss. Which activity would the RTA typically perform in this context?

The RTA verifies the shareholder's documents such as indemnity and affidavit, and processes the duplicate certificate or confirmation as authorised by the company and SEBI norms. It cannot act independently without verification, and the Registrar of Companies does not issue duplicate certificates.

  1. AApprove the loss on its own without any board or company process or documentation
  2. BVerify the documents such as the indemnity, FIR or affidavit as required, and process issue of the duplicate certificate or letter of confirmation as per the company's authorisation and SEBI normsCorrect
  3. CRefer the shareholder to the Registrar of Companies for issue
  4. DConvert the shares to preference shares

Explanation

The RTA acts on behalf of the company and processes service requests such as duplicate certificates after verifying the required documents and following the company's authorisation and SEBI norms. It does not have independent power to bypass these steps, nor does the ROC issue duplicates, and conversion of share class is unrelated.

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