mnarch (ca, llb) (47 Points)
12 January 2011The company was incorporated in 2006, March 01.
Share Certificates were not issued till date
Question
1) Can Share Certificates be issued in current date by passing an board Resolution if yes than under which section
2) if any forms needs to be filled for the same please advise
Regards,
Monarch
Sonam Bidasaria
(CA)
(770 Points)
Replied 14 January 2011
Companies (Issue of Share Certificates) Rules, 1960
Issue of Share Certificates. -
(1)
When a company issues any capital, no certificate of any share or shares in the company shall be issued except :
(i) in pursuance of a resolution passed by the Board ; and
(ii) on surrender to the company of its letter of allotment or of its 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 :
Provided that if the letter of allotment is lost or destroyed, the Board may impose such reasonable terms, if any, as to evidence and indemnity and the payment of out of pocket expenses incurred by the company in investigating evidence, as the Board thinks fit.
I think your query is resolved.
Ramalingam K
(Founder & Director - Holistic Investment Planners (P) Limited)
(21077 Points)
Replied 12 May 2014
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Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
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