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issue of duplicate share certificate
what is penalty for making default in issuing duplicate share certificate?
Replies (1)
If company issue with intend to defraud-
shall punishable with
1) fine not less than 5 times face value of the shares involved in duplicate share certificate. And may extend 10 times face value of such share.
OR
2) 10 Crore.
WICH EVER IS HEIGHER.
shall punishable with
1) fine not less than 5 times face value of the shares involved in duplicate share certificate. And may extend 10 times face value of such share.
OR
2) 10 Crore.
WICH EVER IS HEIGHER.
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