Delivery of share/debenture certificate to non-resident

This query is : Resolved

javed ansari (Querist)
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12 January 2016 Dear Sir/Mam,
please clarify us that whether an Indian Company is required to deliver Share/Debentures Certificate to Non-Resident or is there any restriction.

Regards
Javed Ansari

CS Divesh Goyal

CS Divesh Goyal (Expert)
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12 January 2016 As per Companies Act, 2013 it is duty of the Company to

TIME PERIOD FOR ISSUE OF SHARE CERTIFICATES:
 In case of Incorporation: With in a period of 2 (Two) Months from the date of Incorporation to the subscriber of Memorandum.
 In case of Allotment: With in a period of 2 (Two) Month from the date of allotment of shares.
REQUIREMENT FOR ISSUE OF SHARE CERTIFICATE:
 There should be an allotment or Subscription at the time of Incorporation.
 A Board resolution should be passed in the Board Meeting for issue of Certificate.
(Share Certificate can be issued only under authority of Board of Directors by a Board Resolution.)
 Share Certificate shall specify the matter mention in above.
 Share Certificate should be issue under the signature of Two Director or by a Director and Company Secretary (If any).

CS Divesh Goyal

CS Divesh Goyal (Expert)
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12 January 2016 According to me need to deliver to them.

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