Manmeet Arora (CA) (111 Points)
21 May 2013In a private limited company some shareholders are not in possession of their share certificates. Now they have a dispute with the directors of the company, so are not in a position to get them.
Is there any provision or way through which they can get their original share certficates or share distinctive numbers.
Devendra
(Chartered Accountant)
(4775 Points)
Replied 21 May 2013
The Shareholders can make an application the the Company Law Board (CLB). CLB shall refer the matter to the Registrar of Companies (ROC) and then ROC can take necessary action against the company in default. Further penalty also can be levied as deemed fit by the ROC for the non-issuance of Share Certificate to the Shareholders.
Also you can refer section 113 of the Companies Act, 1956.
Regards,
Devendra Kulkarni
Manmeet Arora
(CA)
(111 Points)
Replied 21 May 2013
Thanks.
A simple letter has to be written to ROC/CLB or any specific form has be filed.
Devendra
(Chartered Accountant)
(4775 Points)
Replied 21 May 2013
As per my knowledge, a simple letter can be written to the CLB. There is no specific format as such.
Regards,
Devendra Kulkarni
CAclubindia
