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Issue of share certificate

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(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?????????
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Ajay Mishra

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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.
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