A share certificate is a document produced by a firm that proves ownership of the company's shares based on the information stated in the document. The Companies Act mandates companies to provide share certificates agencies after incorporation, and this page examines the method for issuing company share certificates as well as other pertinent rules.
Share Certificate Agencies Follow Procedure Listed Below:
If a shareholder demands more than one certificate, the corporation can issue more shares for Rs.20 per share certificate.
Share certificate agencies must be issued at the moment of allotment, subscription, or incorporation. The created share certificates must meet the aforementioned criteria and be signed by two Directors, the Company Secretary, or any other person authorised by the Board of Directors.
The share certificate agencies must be issued at the Company's registered office, and stamp duty must be paid in accordance with the Stamp Act of the State. Following the issuance of the share certificate, the details of the share certificates must be entered into the Register of Members maintained under Section 88 of the Companies Act, 2013.
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