Share certificate

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

13 January 2014 Can a director sign on share certificate (in dual capacity)i.e. as authorized signatory and as well as the director?

Hemant Kumar

Hemant Kumar (Expert)
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13 January 2014 Every share certificate shall be issued under the seal of the company, which shall be
affixed in the presence of
(i) two directors or persons acting on behalf of the directors under a duly registered
power-of-attorney ; and
(ii) the secretary or some other person appointed by the Board for the purpose. The
two directors or their attorneys and the secretary or other person shall sign the
share certificate.
Provided that, if the composition of the Board permits of it, at least one of the
aforesaid two directors shall be a person other than a managing or whole-time
director.

Querist : Anonymous

Querist : Anonymous (Querist)

14 January 2014 Thank you for your prompt reply sir,

but my query is whether the same Director can sign on the share certificate as Director and also as Autorised signatory? Because the provision does not mention about the same.

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