Share certificate & share transfer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2012
Dear Experts, Kindly provide me the complete solution, purpose...if a subsequent allotment of share has done on 31st march 2012 but franking on such share certificates has made on 24th July 12 (Later than three months) it mean we can't issue the certificate before 24th july as per stamp act.than what should be remedy availible for us to make it valid allotment(issues like shareholder, Board meeting doesn't matter only consider it for due deligance)...2nd thing whether it is possible to make a transfer of the above mentioned shares to the same date of allotment i.e. 31st march 12???? kindly provide soultion for both at earliest....
21 August 2012
The allottment was very much VALID as on 31st march 2012. With effect from 24th july 2012, it became tenable in case of any dispute. Non using the stamp was an ERROR and not MISTAKE.
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