Issue of duplicate share certificates
This query is : Resolved
08 February 2010
Can a company issue duplicate share certificates, without the approval of the board?
Can a committee of executives alone be formed to issue duplicate certificates?
Can a committee of executives alone be formed to issue duplicate certificates?
09 February 2010
No a company can not issue duplicate share certificates, without the approval of the board.
However if board by a board resolution has committed share tran committee and power to issue duplicate certificate is covered in the terms of reference of tran. committee then committee can issue dupli. certi. without specific approval of board.
Regards
However if board by a board resolution has committed share tran committee and power to issue duplicate certificate is covered in the terms of reference of tran. committee then committee can issue dupli. certi. without specific approval of board.
Regards
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