Section 104. Loss or destruction of certificates

(1) Where a certificate or other document of title to shares or debentures is lost or destroyed, the company shall, on payment of a fee not exceeding fifty ringgit, issue a duplicate certificate or document to the owner on his application.

(2) Where the value of the debentures represented by the certificate or document is greater than five hundred ringgit, the directors of the company may, before accepting an application for the issue of a duplicate certificate or document, require the applicant—

(a) to cause an advertisement to be inserted in a newspaper circulating in a place specified by the directors stating that the certificate or document has been lost or destroyed and that the owner intends after the expiration of fourteen days after the publication of the advertisement to apply to the company for a duplicate; or

(b) to furnish a bond for an amount equal to at least the current market value of the debentures indemnifying the company against loss following on the production of the original certificate or document,

or may require the applicant to do both of those things.