ROC MAtter
This query is : Resolved
dipul mehta(swadhin)
(Querist)
02 July 2010
Dear Sir,
Plz suggest what is the applicable rules for share certificate to be signed.....
A co. newly registered 100 Blank certificate printed who can sign on it its a pvt. ltd. co. CAn total blank certificate first signed or signed when issue made?
Plz suggest what is the applicable rules for share certificate to be signed.....
A co. newly registered 100 Blank certificate printed who can sign on it its a pvt. ltd. co. CAn total blank certificate first signed or signed when issue made?
02 July 2010
The following para 6 of Companies (Issue of Share Certificates) Rules, 1960 will help you in the matter.
Sealing and Signing of Certificate.-
Every share certificate shall be issued under the seal of the company, which shall be affixed in the presence of
(i)
two directors or persons acting on behalf of the directors under a duly registered power-of-attorney ; and
(ii)
the secretary or some other person appointed by the Board for the purpose. The two directors or their attorneys and the secretary or other person shall sign the share certificate.
Provided that, if the composition of the Board permits of it, at least one of the aforesaid two directors shall be a person other than a managing or whole-time director.
Explanation.-For the purpose of this rule, a director may sign a share certificate by affixing his signature thereon by means of any machine, equipment or other mechanical means such as engraving in metal or lithography but not by means of a rubber stamp, provided that the director shall be responsible for the safe custody of such machine, equipment or other material used for the purpose.
Sealing and Signing of Certificate.-
Every share certificate shall be issued under the seal of the company, which shall be affixed in the presence of
(i)
two directors or persons acting on behalf of the directors under a duly registered power-of-attorney ; and
(ii)
the secretary or some other person appointed by the Board for the purpose. The two directors or their attorneys and the secretary or other person shall sign the share certificate.
Provided that, if the composition of the Board permits of it, at least one of the aforesaid two directors shall be a person other than a managing or whole-time director.
Explanation.-For the purpose of this rule, a director may sign a share certificate by affixing his signature thereon by means of any machine, equipment or other mechanical means such as engraving in metal or lithography but not by means of a rubber stamp, provided that the director shall be responsible for the safe custody of such machine, equipment or other material used for the purpose.
Message likes :
1 times
02 July 2010
Well explained by Mr. Rasesh.
Share Certificate is to be signed when it is issued. Blank Certificate is not to signed for better management.
Share Certificate is to be signed when it is issued. Blank Certificate is not to signed for better management.
Message likes :
1 times
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
