explain legal effects of share certificates citing case law
1 Replies
Ankur Garg
(Company Secretary and Compliance Officer)
(114778 Points)
Replied 24 February 2010
A certificate issued under the common seal of the company, specifying any shares held by any member, shall be prima facie evidence of the title of the member to such shares.
Every company pursuant to section 113 shall within 3 months of allotment of shares or debentures, issue certificates. The certificates after registration of transfer, shall be delivered within 2 months.
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