26 March 2010
In accordance with Companies (Issue of Share Certificate) Rules, if the Company affixes facsimile signatures of Directors on certificates , is it necessary that the Directors whose facsimile signatures have been affixed should be personally present at the share issue meeting. If the quorum is present on account of presence of other Directors, can we issue the said certificate
26 March 2010
Definitely not. Legally Signatory director is not required to present at all. But his name should be properly covered by the board resolution. Further there should not be any discrepancy regarding holding the BM.
CAclubindia
