Procedure
This query is : Resolved
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
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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- PF wage ceiling
- Correction in TDS return New Traces Portal
- TDS refund Indemnity Bond
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
