Your query is very much clear to me.
Kindly appreciate you don’t have to hold 2 BMs regarding allotment i.e. on 01.08.2008 and 15.08.2008 as you have mentioned.
In the same meeting of 01.08.2008 when you pass allotment resolution then only you can pass resolution to authorise some one for signing share certificate.
Further if you have already pass the resolution to authorise some one for signing share certificate in the first BM itself then in that case you don’t have to pass it again & again at the time of next allotment.
Appreciate further the date on share certificate signifies the date on which certificate issued and not the date on which share certificate signed hence in this way I disagree with Mr. Agarwal.pc
In the present case you have pass a specific resolution on 15.08.2008 hence date of share certificate can not be earlier then 15.08.2008. You may use the exact date on certificate. To elaborate further you may issue the certificate up to 31.10.2008 i.e. with in 3 months of allotment. In other words you can put any date between 15.08.2008 to 31.10.2008 on your share certificate.
(Suppose share certificate is signed on 15.08.2008 and handover to shareholder on 15.10.2008 then what is the problem? No problem at all as who know the exact signing date. As long as you are complying section 113 everything is fine.)
Reason being as per section 113 company shall with in 3 months after allotment of shares deliver the share certificate to the shareholder.
Suppose if you have already passed the resolution to authorise some one for signing share certificate in the first BM itself then you can put any date between 01.08.2008 to 31.10.2008 on your share certificate i.e. full 3 months as per section 113.
Pass a one time resolution to authorise some one for signing share certificate in the first Board meeting along with other resolutions.
Benefit of passing this resolution:
- You don’t have to pass authorisation resolution again & again at the time of each and every allotment.
- Simply pass allotment resolution in board meeting and issue share certificate to allottee with in 3 months after allotment of shares as per section 113.
Note: In case of change of signatory you have to pass a separate resolution to sign share certificate.
If you still have any doubt please post it.