Rules and Regulations of India

Law Library of Rules and Regulations of India

Section 5 – COMPANIES (ISSUE OF SHARE CERTIFICATES) RULES,1960

5. Form of certificate

(1) Every certificate shall specify the name(s) of the person(s) in whose favor the certificate is issued, the shares to which it relates and the amount paid-up thereon.

 

(2) When any certificate is issued in any of the circumstances specified in rule 4, sub-rule (2), it shall state on the face of it and against the stub or counterfoil to the effect that it is “Issued in lieu of share certificate No ______ sub-divided/replaced/on consolidation of shares”.

 

(3) When any certificate is issued in any of the circumstances specified in rule 4, sub-rule (3), it shall state on the face of it and against the stub or counterfoil to the effect that it is a “duplicate issued in lieu of share certificate No. _______ “. Further, the word “duplicate” shall be stamped or punched in bold letters across the face of the share certificate.

Main Index

Rules and Regulations of India

MyNation

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2020 Rules and Regulations of India
×

Free Legal Help, Just WhatsApp Away

MyNation HELP line

We are Not Lawyers, but No Lawyer will give you Advice like We do

Please read Group Rules – CLICK HERE, If You agree then Please Register CLICK HERE and after registration  JOIN WELCOME GROUP HERE

We handle Women Centric biased laws like False Section 498A IPC, Domestic Violence(DV ACT), Divorce, Maintenance, Alimony, Child Custody, HMA 24, 125 CrPc, 307, 312, 313, 323, 354, 376, 377, 406, 420, 497, 506, 509; TEP, RTI and many more…

MyNation FoundationMyNation FoundationMyNation Foundation