issue of share certificate

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Nagamani (Querist)
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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)

Jagruti (CS) (Expert)
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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.

Ankur Garg

Ankur Garg (Expert)
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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

Nagamani

Nagamani (Querist)
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24 July 2010 Thank you Very much sir

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