authorised signatory

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2010 Hi,

Who can be an authorised signatory in Share Certificate Form ?
Can an outsider to company be appointed as authorised signatory ?

Jagruti (CS)

Jagruti (CS) (Expert)
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10 August 2010 Any person as Authorised by the Directors can be an Authorised Signatory of the Company, who can also be outsider.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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10 August 2010 As per the Companies Issue of Shares Certificates Rules two directors has to sign Share Cert.They can do it by mechanical means. However, a Secretary or other authorised person is also required to sign a share cert. physically. This authorised person should physically sign the Share certificates.

The Board of Director should authorise any officer or employee(or even to a Director) of the Company to sign the same.

However outsider could be authorise for sign on share certificate.

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Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2010 Anyone please clear the doubt ?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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10 August 2010 Clause 6(only relevant portion) of the Companies (issue of share certificate)Rules,1960 is reproduced below.

The two directors or their attorneys and the secretary or other person shall sign the share certificate.

However, the power of attorney must be a registered one.In view of the above, an out sider can sign provided the above conditions are satisfied. Provisions of the AOA may also be looked into.