Delivery of share/debenture certificate to non-resident

This query is : Resolved

javed ansari (Querist)
Follow

12 January 2016 Dear Sir/Mam,
please clarify us that whether an Indian Company is required to deliver Share/Debentures Certificate to Non-Resident or is there any restriction.

Regards
Javed Ansari

CS Divesh Goyal

CS Divesh Goyal (Expert)
Follow

12 January 2016 As per Companies Act, 2013 it is duty of the Company to

TIME PERIOD FOR ISSUE OF SHARE CERTIFICATES:
 In case of Incorporation: With in a period of 2 (Two) Months from the date of Incorporation to the subscriber of Memorandum.
 In case of Allotment: With in a period of 2 (Two) Month from the date of allotment of shares.
REQUIREMENT FOR ISSUE OF SHARE CERTIFICATE:
 There should be an allotment or Subscription at the time of Incorporation.
 A Board resolution should be passed in the Board Meeting for issue of Certificate.
(Share Certificate can be issued only under authority of Board of Directors by a Board Resolution.)
 Share Certificate shall specify the matter mention in above.
 Share Certificate should be issue under the signature of Two Director or by a Director and Company Secretary (If any).

CS Divesh Goyal

CS Divesh Goyal (Expert)
Follow

12 January 2016 According to me need to deliver to them.

Upgrade to CAclubindia Pro. Subscribe Now!