Issue of share certificate
This query is : Resolved
RENUKA CHOURASIA
(Querist)
31 May 2012
Is it mandatory in case of a private limited company to issue share certificates within the prescribed time limit of two months from the date of issue of shares?????????
Ajay Mishra
(Expert)
31 May 2012
Hi
Yes, as per section 113 of the Companies Act, 1956 it is mandatory to issue share certificate with in 3 month from the date of allotment.
If default is made then fine is Rs. 5000 every day.
Yes, as per section 113 of the Companies Act, 1956 it is mandatory to issue share certificate with in 3 month from the date of allotment.
If default is made then fine is Rs. 5000 every day.
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