Can I request for the condonation period for issuing share certificate ..?? Because I got my company incorporated in Nov 2019 itself and skipped the issue of share certificate process. Now penalties are also high.. is there any way to go out...??
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Quick Summary
This discussion addresses the possibility of obtaining a condonation period for a late share certificate issuance, particularly for a company incorporated in November 2019. While the standard legal timeframe for issuing share certificates is within two months of incorporation or allotment, there's advice suggesting that issuing the certificate is still possible, albeit with a penalty for the delay. Contact details are provided for further assistance with stamp duty and penalties.
According to my view you can't request for condonation of share certificate. According to law within 2 months from date of incorporation if they are subscriber to the memorandum. And in case of allotment within 2 months from the date of allotment.
Here I have assumed you are asking for subscriber so you can't skip from penalty.
Dear sir... share certificate can be issue..... however while making the stamp duty u need to pay penalty for number of dealy in issuing share certificate..... for further details pls cal 7204908392
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