(1) Where a company issues any share capital, no certificate of any share or shares held in the company shall be issued, except-
(b) on surrender to the company of the letter of allotment or fractional coupons of requisite value, save in cases of issues against letters of acceptance or of renunciation, or in cases of issue of bonus shares:
PLEASE EXPLAIN WHY THERE IS A NEED TO ISSUE SHARE CERTIFICATE IN CASE OF (b) ABOVE
Menu
Share Certificate
Replies (1)
It's a case of physical allotment of shares certificate
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
