issue of share certificate
This query is : Resolved
23 July 2010
In case share certificates are not issued within the 3 months from the date of allotment what is the consequences and what is the procedure to issue share certificates.
Jagruti (CS)
(Expert)
23 July 2010
The procedure for issue of share certificate is same.
But from the date of non compliance till it is complied i.e. after 3 months till date of issue. Company and every office as per Sec 5 of the COmpanies Act will be punishable with fine of 5000 for every day, if you go for compounding.
But from the date of non compliance till it is complied i.e. after 3 months till date of issue. Company and every office as per Sec 5 of the COmpanies Act will be punishable with fine of 5000 for every day, if you go for compounding.
Ankur Garg
(Expert)
23 July 2010
To avoid the violation you can issue the share certificate in the back date say during those 3 months.
The same is possible because there is no need to intimate ROC for the issue of share certificate.
Regards
The same is possible because there is no need to intimate ROC for the issue of share certificate.
Regards
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