Endorsement on the back of share certificate

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sruti gupta (Querist)
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15 May 2013 While registering a share transfer can the company use a rubber stamp for affixing it at the back of the share certificate (in place of the name of transferee) if the transferee is a company.

Please advice

CA rohit swami

CA rohit swami (Expert)
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15 May 2013 WHEN COMPANY TRANSFERING SHARE WHICH ARE RECEIVED WITH SHARE TRANSFER DEED then COMPANY HAS TO AFFIX ITS COMMAN SEAL ON BACK OF THE SHARE WITH ANY DIRECTOR WHO AUTHORISED TO ALL SUCH ACT IN RESOLUTION PASSED.

sruti gupta

sruti gupta (Querist)
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15 May 2013 Dear Rohit

My query is can we affix a rubber stamp of the name of the transferee instead of writing the name of the transferee with pen or typewriting it, at the back of share certificate

CA rohit swami

CA rohit swami (Expert)
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15 May 2013 IN PRACTICAL SENSE WRITE TRANSFEREE NAME WITH HELP OF PEN OR TYPEING IT. WITH ALL THESE DIRECTOR'S PRESENSE AND INITIAL SIGNATURE ARE NESSESORY

sruti gupta

sruti gupta (Querist)
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15 May 2013 What if I make a rubber stamp in the name of the Transferee company and affix the same at the back of the share certificate.... won't this be a valid practice.... plz advice supporting your ans by relevant provisions

CA rohit swami

CA rohit swami (Expert)
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15 May 2013 MADAM, HOW CAN U MAKE AND AFFIX A STAMP FOR OR BEHALF OF OTHER CORPORATE BODY. CORPORATE BODY(MEANS COMPANY) .PLEASE REVIEW AGAIN

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