Shares of a private limited company
This query is : Open
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?
27 February 2013
Hi
Yes, it is invalid,
I will suggest you to send the company for signing of share certificate.
Yes, it is invalid,
I will suggest you to send the company for signing of share certificate.
Message likes :
1 times
27 February 2013
Hi,
Thanks for the reply.
Actually, I am trying to get the signing done. But the firm is not responding well. Now is it that I have lost all the amount.
In case somebody approaches me later to buy the shares, can I do anything to get the deal done (by collecting some proofs from the MCA or so)?
Thanks and Regards,
Ranjit
Thanks for the reply.
Actually, I am trying to get the signing done. But the firm is not responding well. Now is it that I have lost all the amount.
In case somebody approaches me later to buy the shares, can I do anything to get the deal done (by collecting some proofs from the MCA or so)?
Thanks and Regards,
Ranjit
27 February 2013
Hi
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.
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.
Message likes :
1 times
27 February 2013
Hi,
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
Thanks and Regards,
Ranjit
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
Thanks and Regards,
Ranjit
27 February 2013
Hi
You have a share certificate and i think, you also got letter of allotment at the time of receiving of share certificate.
You can also take copy of Form-2 filed by company for allotment of shares in your name.
You have a share certificate and i think, you also got letter of allotment at the time of receiving of share certificate.
You can also take copy of Form-2 filed by company for allotment of shares in your name.
27 February 2013
Hi,
I did not get any letter of allotment.
How can I get the form-2 filed by the company? Does it contain names of all shareholders?
Thanks and Regards,
Ranjit
I did not get any letter of allotment.
How can I get the form-2 filed by the company? Does it contain names of all shareholders?
Thanks and Regards,
Ranjit
27 February 2013
It will show your name as list of allottee as an attachment of Form-2.
You can demand from company.
You can demand from company.
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.
Please let me know if I am correct
Thanks in Advance,
Ranjit
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.
Please let me know if I am correct
Thanks in Advance,
Ranjit
27 February 2013
Great........
Perfect demand.
Perfect demand.
Message likes :
1 times
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?
Regards,
Ranjit
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?
Regards,
Ranjit
27 February 2013
Hi
Yes, letter of allotment is not mandatory that company should give.
I will suggest you to inspect the company and download form-2 from MCA portal.
Table A is not sufficient.
You ask certified copy of Form-2 with list of alottee with challan of Filing of Form-2.
I think, they are ignoring you to provide the same. May be, I am wrong.
Yes, letter of allotment is not mandatory that company should give.
I will suggest you to inspect the company and download form-2 from MCA portal.
Table A is not sufficient.
You ask certified copy of Form-2 with list of alottee with challan of Filing of Form-2.
I think, they are ignoring you to provide the same. May be, I am wrong.
Message likes :
1 times
27 February 2013
Thanks Ajay. Will do that.
Can you please clarify the one below as well.
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?
Can you please clarify the one below as well.
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?
28 February 2013
Ajay,
Following is the update I got from the firm.
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)
Regards,
Ranjit
Following is the update I got from the firm.
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)
Regards,
Ranjit
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Payable outstanding for years disallowance
- GST Annual Returns filing due date
- DTCP approval
- Whether still royalty
- TDS NUMBER SURRENDER
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
