Rectification of mistake in share certificate

This query is : Open

Mahavir K.Godse (Querist)
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25 December 2012 Dear experts,

A company have issued a share certificate and there is mistake in Distinctive numbers of shares that instead of printing Distinctive no from 14367 to 24391 it printed that Distinctive no from 14967 to 24391.

Can any one tell me, how can I correct the same? or do I have to issue duplicates share certificate? if yes then what about the franking already done?

Ankit Patniya

Ankit Patniya (Expert)
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25 December 2012 Hello Mr. Mahavir,

This case can be solve by using the ecxeption given under section 84 (2) (b) of the Companies Act, 1956 you will find answer there.

Its not proper way to resolve your query but it may be used for that.. u can ask your shareholders to surrender his/her shares certificate along with application for renewal of shares certificate due to deface or mutilated.

Other views are invited.

Regards
Ankit

V K Bajaj

V K Bajaj (Expert)
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26 December 2012 The remedy also lies with the fact if share certificate is of recent dates or old one.

If yet to deliver to shareholder then you can have new one with correct printing.

If shareholder already have it then advise of Mr Ankit should suit you.

Still wait for more replies.

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Mahavir K.Godse

Mahavir K.Godse (Querist)
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26 December 2012 Thank you very much experts.....

can you please give me the format of application for renewal of share certificate due to deface or mutilated and format of board resolution to be passed for the same......
Further is there any need to give any reference of cancelled certificate on new share certificate because the franking is already done on the old one?