Share certificate
Niral Patel (job) (89 Points)
04 June 2016Niral Patel (job) (89 Points)
04 June 2016
Jatin Bajaj
(CS)
(2928 Points)
Replied 05 June 2016
it is not ok. According to section 46 of Companies Act 2013, Reas with Rule 6 of Share capital and Debenture rules,
A Company may replace all the the existing share certificates by new certificates upon consolidation, subdivision,merger, demerger or any reconstitution without requring old certificates to be surrendered subject to compliance with rule 5(1) clause a, rule 5(2) and rule 5(3)
CS Arjun Rajagopal
(B.com, ACS)
(1056 Points)
Replied 05 June 2016
Originally posted by : Jatin Bajaj | ||
it is not ok. According to section 46 of Companies Act 2013, Reas with Rule 6 of Share capital and Debenture rules, A Company may replace all the the existing share certificates by new certificates upon consolidation, subdivision,merger, demerger or any reconstitution without requring old certificates to be surrendered subject to compliance with rule 5(1) clause a, rule 5(2) and rule 5(3) |
Agree with Learned Member.
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