close Prime Academy from Chennai now on CCI Online Coaching   view more
Home > Experts > Corporate Law > Issue of duplicate share certificates


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Issue of duplicate share certificates (Corporate Law)

Report Abuse
This query is : Open

Author : Anonymous

( Author )
07 January 2012

Can Private Limited Company issue a duplicate share certificates in case of lost of original share certificate without demanding affidavit & indemnity bond from shareholders i.e. by waiving of such requirements by passing a board resolution.


Charu Srivastava

( Expert )
07 January 2012

In accodance wuth Companies (Issue of Share Certificates) Rules, 1960

No duplicate share, certificate shall be issued in lieu of those that are lost or destroyed without the prior consent of the Board or without payment of such fees, if any, not exceeding Rs. 2 and on such reasonable terms if any, as to evidence and indemnity and the payment of out-of-pocket expenses incurred by the company in investigating evidence as the Board thinks fit.


Parashar

( Expert )
07 January 2012

Companies Rules does not allow so.


Author : Anonymous

( Author )
09 January 2012

Can Company waive copy of FIR and only takes Affidavit & Indemnity?



Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :









submit










Quick Links