Section - 113 - Companies Act, 1956

Section - 113 - Limitation of time for issue of certificates

Issue of certificate of shares, etc.

Limitation of time for issue of certificates.

113. (1)

[Every company, unless prohibited by any provision of law or of any order of any court, tribunal or other authority, shall, within three months after the allotment of any of its shares, debentures or debenture stock, and within two months after the application

for the registration of the transfer of any such shares, debentures or debenture stock, deliver, in accordance with the procedure laid down in

, the certificates of all shares, debentures and certificates of debenture stocks allotted or transferred :

Provided that the

[Central Government] may, on an application being made to it in this behalf by the company, extend any of the periods within which the certificates of all debentures and debenture stocks allotted or transferred shall be delivered under this sub-section, to a further period not exceeding nine months, if it is satisfied that it is not possible for the company to deliver such certificates within the said periods.]

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