issue of duplicate share certificate
akshay Dubey (7 Points)
20 March 2018
what is penalty for making default in issuing duplicate share certificate?
1 Replies
Anjali Kolse
(103 Points)
Replied 28 March 2018
If company issue with intend to defraud-
shall punishable with
1) fine not less than 5 times face value of the shares involved in duplicate share certificate. And may extend 10 times face value of such share.
OR
2) 10 Crore.
WICH EVER IS HEIGHER.
shall punishable with
1) fine not less than 5 times face value of the shares involved in duplicate share certificate. And may extend 10 times face value of such share.
OR
2) 10 Crore.
WICH EVER IS HEIGHER.
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