Share certificates (Corporate Law)

This query is : Open

Author : Anonymous

( Author )
26 June 2012

Dear All,

We have incorporated an IT Co. (Pvt. Ltd.)
and now we want to issue shares to the subscribers.
my query is, what is the general practice of professional CA, CS in this respect?
do we need to get printed share certificate book (name of Co., regd address, and all matters etc.)and then issue shares filling up details like name, no. of shares etc. with pen and then issue or we shall print entire share certificate at the time of issue and no need of share certificate book.?
i have seen people print share certificates on card sheets as per requirements in their offices, so what is correct method?
in our Co. there are only 2 Directors, so to whom we can appoint authorised signatory? or only 2 signs are sufficient?

kindly help in this regards.
thanks in advance

CS. DISHA SHAH

( Expert )
26 June 2012

Hi
ya now a days some professionals are doing what you say i.e.just to get the printout when they needed but as per my opinion,
There will b risk factor in that,, so better to have printed Share Certificate Book.
.

Author : Anonymous

( Author )
27 June 2012

Thank You Shah Madam,

So we need to get printed share certificate book (name of Co., regd. address, and all matters etc.)and then issue shares filling up details like name, no. of shares etc. with pen and then issue, is it correct?

and in our Co. there are only 2 Directors, so to whom we can appoint authorised signatory?? or only 2 signs are sufficient? and then who will countersign?

CS. DISHA SHAH

( Expert )
27 June 2012

Hello,

Ya you are correct. fill up all the correct data in the share Certificate and also in its counter folio with pen,,,

In the signatory, it will b suffice if u get it signed by two directors and also put Company's Common Seal on the Certificate.

Author : Anonymous

( Author )
27 June 2012

Thank You madam for your quick reply.