Need Advice: Share certificates never issued, now asked to file for “lost” certificates. What should I do?

[User_788597a2]

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User_788597a2
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March 10, 2025 at 2:44 pm

My startup was incorporated as a private limited in Oct 24. Just found out the CA never completed the issuance of share certificates within the two month from incorporation date. Now they are asking me to sign documents stating the certificates are lost and file an indemnity bond to get duplicate certificates.
Honestly my fault for not keeping a checklist of all compliance items, but I want to know what can be the risks of taking this path? Declaring something that was never issued as lost does not seem right.
What is the right way to handle this situation?

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