Companies Act, 1956

Section - 84 - Certificate of shares

Certificate of shares.

84.       [(1)] A certificate, under the common seal of the company, specifying any shares held by any member, shall be prima facie evidence of the title of the member to such shares.

[(2) A certificate may be renewed or a duplicate of a certificate may be issued if such certificate—

         (a)  is proved to have been lost or destroyed, or

         (b)  having been defaced or mutilated or torn is surrendered to the company.

(3) If a company with intent to defraud renews a certificate or issues a duplicate thereof, the company shall be punishable with fine which may extend to ten thousand rupees and every officer of the company who is in default shall be punishable with imprison­ment for a term which may extend to six months, or with fine which may extend to [one lakh] .... To read the full section download the app from Google Play store