law: Companies Act, 1956
  Sec 84    -    
  
  Certificate of shares 
  (1) A certificate, under the common seal of
  
  the company, specifying any shares held by any member, shall be prima facie
  
  evidence of the title of the member to such shares.
  (2) A certificate may be renewed on a
  
  duplicate of a certificate may be issued if such certificate :
  (a) is proved to have been lost or destroyed,
  
  or
  (b) having been defaced or mutilated or torn
  
  is surrendered to the company.
  (3) If a company with intent to defraud,
  
  renews a certificate or issues a duplicate thereof, the company shall be
  
  punishable with fine which may extend to ten thousand rupees and every officer
  
  of the company who is in default shall be punishable with imprisonment for a
  
  term which may extend to six months, or with fine which may extend to one lakh
  
  rupees, or with both.
  (4) Notwithstanding anything contained in the
  
  articles of association of a company, the manner of issue or renewal of a
  
  certificate or issue of a duplicate thereof, the form of a certificate
  
  (original or renewed) or of a duplicate thereof, the particulars to be entered
  
  in the register of members or in the register of renewed or duplicate
  
  certificates, the form of such registers, the fee on payment of which, the
  
  terms and conditions, if any (including terms and conditions as to evidence and
  
  indemnity and the payment of out-of-pocket expenses incurred by a company in
  
  investigating evidence) on which a certificate may be renewed or a duplicate
  
  thereof may be issued, shall be such as may be prescribed.