Certificate of shares . 46. (1) A certificate,
[issued under the common seal, if any, of the company or signed by two directors or by a director and the Company Secretary, wherever the company has appointed a Company Secretary], specifying the shares held by any person, shall be
prima facie evidence of the title of the person to such shares. (2) A duplicate certificate
of shares may be issued, if such certificate -
| (a) | - | is proved to have been lost or destroyed; or |
| (b) | - | has been defaced, mutilated or torn and is surrendered to the company. |
(3) Notwithstanding anything contained in the articles of a company, the manner of issue of a certificate of shares or the duplicate thereof, the form of such certificate, the particulars to be entered in the register of members and other matters shall be such as may be prescribed
. (4) Where a share is held in depository form, the record of the depository is the
prima facie evidence of the interest of the beneficial owner. (5) If a company with intent to defraud issues a duplicate certificate of share
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