27 February 2013
I have bought shares from a private limited company X, 2 years back. Now I fund that the share certificate has a field namely "Authorized signatory" and there is no sign under this. Is the certificate invalid without that signature? Can I do anything to make it valid?
No, you have a share certificate signed by directors and it is a proof against your money but point is that the share certificate is not complete. Your money is safe, don't worry.
As the firm is not responding, what is it that I can do? Can I get any certificate/form from anywhere to show that I am actually a stakeholder in that firm? Please help me in this regard
27 February 2013
Hi, I see that following are important.
1. share certificate 2. letter of allotment 3. Form 2
Of all above, I have only share certificate without authorised signatory. Still I understand that my money is safe. I will write to them again for all of above.
27 February 2013
Hi, Please clarify us the folowing:
When contacted one of the directors of the firm (for the authorised signature) I got the following reply "It is not required as the Directors have already undersigned the doc. However, my signing again, assuages your concerns, I will be pleased to do so." Can I get the authorised signature done from the director or somebody else should do it? Who is actually authorised to do it?
When asked for letter of allotment, I am mentioned that "Share Certificate is the document for your record that Shares are allotted". So the firm means that 'Letter of allotment' is not required. Is it true?
When asked for Form-2 and relevant attachments , I am mentioned that " Table A which has been filed with ROC will be shared with you to show the proof that shares have been allotted to you." Is it sufficient if I have the print of the 'Table A' or should this be in any specific form?
When contacted one of the directors of the firm (for the authorised signature) I got the following reply "It is not required as the Directors have already undersigned the doc. However, my signing again, assuages your concerns, I will be pleased to do so." Can I get the authorised signature done from the director or somebody else should do it? Who is actually authorised to do it?
They are ready to share certified form-2 and challan. Now I have one query. All these I get should be originals right?
Director is ready to do authorised signature as well. But who is the right person to do that? Will it be valid in all cases if director signs under authorised signature? (this person's signature is already present in share certificate under director's category)
CAclubindia
