Important Question - Section 7

Date of incorporation - 5 april
issue of certificate - 9 april
issue of shares by the company on 7 april is VALID, because the company came into experience on 5th april.
date of incorporation is important,date of issue of certificate is not important.
Refer section 9 and (Jubilee cotton Mills v. Lewis case).
AND
it cannot be challenged, because certificate of incorporation is "Conclusive Evidence"