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Share certificate
The company had converted from private limited to public limited. And then after it had issued right issue. But Company gave certificate from the Old Share Certificate book (having the word private Ltd. at the end). is it ok or Company has to give fresh Share certificate.
Replies (2)
it is not ok. According to section 46 of Companies Act 2013, Reas with Rule 6 of Share capital and Debenture rules,
A Company may replace all the the existing share certificates by new certificates upon consolidation, subdivision,merger, demerger or any reconstitution without requring old certificates to be surrendered subject to compliance with rule 5(1) clause a, rule 5(2) and rule 5(3)
| Originally posted by : Jatin Bajaj | ||
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it is not ok. According to section 46 of Companies Act 2013, Reas with Rule 6 of Share capital and Debenture rules, A Company may replace all the the existing share certificates by new certificates upon consolidation, subdivision,merger, demerger or any reconstitution without requring old certificates to be surrendered subject to compliance with rule 5(1) clause a, rule 5(2) and rule 5(3) |
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Agree with Learned Member.
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