Board resolution for re-issue of share certificate

Arvind Sharma (ACA) (1432 Points)

14 January 2012  

Hello Everybudy.,


I need draft of Board Resolution in respect of re-issue of share certificate as per Rule 4(2) of the Companies (Issue of Share Certificates) Rules, 1960.

Rule 4(2)

No certificate of any share or shares shall be issued either in exchange for those which are sub-divided or consolidated  or in replacement of those which are defaced, torn or old decrepit, worn-out, or where the cases in the reverse for recording transfers have been duly utilized, unless the certificate in lieu of which it is issued is surrendered to the company :

Provided that the company may charge such fee, if any, not exceeding Rs. 2 per certificate issued on splitting or consolidation of share certificates or in replacement of share certificates that are defaced or torn, as the Board thinks fit


As far I understood, there is two requirements in this regard:-

One is bring back Old Share Certificates and other is Board Resolution.

If there is any other requirement, please do mention here.

Please reply here soon..