Procedure

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Querist : Anonymous

Querist : Anonymous (Querist)

14 November 2013 what procedure for issue certificate of share capital. i have submit the form -2 after this what procedure follow

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 November 2013
Procedure for Issue of Original Share Certificates

1. The resolution for allotment of share certificates will be passed at the duly convened Board Meeting.

2. The Board will approve of the number of share certificates and authorise by resolution the printing of share certificates.

3. Where the shares are listed on a recognised stock exchange, the forms of certificate will be approved in advance by the stock exchange before printing.

4. All blank forms consecutively numbered, blocks, engravings, etc., will be in the custody of the Secretary or other person appointed by the Board

5. Every certificate will specify the name(s) of the person(s) in whose favour it is issued, the sharesdebentures to which it relates, the distinctive number and the amount paid up thereon.

6. In the resolution passed for issue of share certificates, the Board will also specify that the common seal of the company will be affixed in the presence of at least two directors of the company or their duly constituted attorneys and the Secretary or any person appointed by the Board who will sign the

share certificate.

7. The depository shall be informed immediately after the shares are issued in case there exists an arrangement with a depository.

8. Particulars of share certificates issued will be entered in the register of members in respect of each member. The Register will be in the form prescribed in the Rules.

9. The share certificates will be delivered within the time specified in section 113.

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