Issue of share certificate
This query is : Resolved
Meenu Agarwal
(Querist)
01 August 2012
After how many days of incorporation of a private company, the share certificate must be issued?
Ajay Mishra
(Expert)
01 August 2012
Hi
The time period is not defined for subscriber to the memorandum. Section 113 will apply only on allotment of shares. On the basis of this section you can issue share certificate with in 90 days from the date of registration.
The time period is not defined for subscriber to the memorandum. Section 113 will apply only on allotment of shares. On the basis of this section you can issue share certificate with in 90 days from the date of registration.
Meenu Agarwal
(Querist)
01 August 2012
Thanx.
Can the stamping of share certificate be done after it is iossued, in bangalore?
Can the stamping of share certificate be done after it is iossued, in bangalore?
01 August 2012
Please refer Section 113 of the Companies Act 1956.
It says-
Every company, unless prohibited by any provision of law or of any order of any Court, tribunal or other authority, shall, within three months after the allotment of any of its shares, debentures or debenture stock, and within two months after the application for the registration of the transfer of any such shares, debentures or debenture stock, deliver, in accordance with the procedure laid down in section 53, the certificates of all shares, debentures and certificates of debenture stocks allotted or transferred
It says-
Every company, unless prohibited by any provision of law or of any order of any Court, tribunal or other authority, shall, within three months after the allotment of any of its shares, debentures or debenture stock, and within two months after the application for the registration of the transfer of any such shares, debentures or debenture stock, deliver, in accordance with the procedure laid down in section 53, the certificates of all shares, debentures and certificates of debenture stocks allotted or transferred
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SANYAM ARORA
(Expert)
01 August 2012
Agree with the experts
Ajay Mishra
(Expert)
01 August 2012
Hi
Section 113, will apply only when allotment is made. In case of subscription of shares, time period is not defined.
You will pay stamp duty before delivery of share certificate to shareholder.
Section 113, will apply only when allotment is made. In case of subscription of shares, time period is not defined.
You will pay stamp duty before delivery of share certificate to shareholder.
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