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A share certificate is a document that certifies ownership of shares in a company. It indicates the number of shares owned and the shareholder's details. If a share certificate is lost, the shareholder must follow specific steps: firstly, notify the company’s registrar of the loss; secondly, complete a 'lost certificate' affidavit to declare the certificate lost; and finally, apply for a replacement certificate. To obtain a new share certificate, the shareholder should submit the necessary documents to the registrar, including the affidavit and any required fees, after which a new certificate will be issued.