Document background
The Affidavit of Loss and Indemnity Agreement is a crucial legal document used when valuable items, documents, or instruments are lost and need to be replaced. It is commonly used in India across various sectors, particularly in banking, education, and corporate environments. The document is required when someone needs to declare the loss of important items such as share certificates, educational certificates, bank documents, or corporate documents, and seek their replacement. The affidavit portion provides a sworn statement about the circumstances of the loss, while the indemnity agreement protects the issuing authority against potential claims if the original item is misused. The document must comply with Indian legal requirements, including proper stamping and notarization, and typically includes detailed descriptions of the lost item, circumstances of loss, and indemnification terms.
