Duplicate share certificates
This query is : Open
03 September 2013
Section 289 of The Companies Act does not specifically restrict the circular resolution (CR)for issue of duplicate share certificates.
Law speaks that duplicate share certificates shall be issued with the approval of the members of Board/ Board level Committees if specifically delegated by the Board. If it needs to be approved only at the meeting, all cases for issue of duplicate share certificates will be pending till the approval at the meeting. Instead, we can go for CR if the law provides for that.
In light of the above, i request you to share your views to resolve the issue.
Hence in single line question is, whether approval can be sought via CR for issue duplicate share certificates?
Law speaks that duplicate share certificates shall be issued with the approval of the members of Board/ Board level Committees if specifically delegated by the Board. If it needs to be approved only at the meeting, all cases for issue of duplicate share certificates will be pending till the approval at the meeting. Instead, we can go for CR if the law provides for that.
In light of the above, i request you to share your views to resolve the issue.
Hence in single line question is, whether approval can be sought via CR for issue duplicate share certificates?
03 September 2013
Hi
Go to the following link, it may help you:
https://www.caclubindia.com/share_files/resolution-passed-by-circulation-37557.asp#.UiWE7xenyVE
Go to the following link, it may help you:
https://www.caclubindia.com/share_files/resolution-passed-by-circulation-37557.asp#.UiWE7xenyVE
04 September 2013
the link does not tell whether CR be passed for issue of duplicate share certificate.
I want to know whether duplicate share certificates can be issued by way of circular resolution.
Thanks in Advance
I want to know whether duplicate share certificates can be issued by way of circular resolution.
Thanks in Advance
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