Mr. A invested Rs.20,000/- in CASH as share application money for allotment of equity shares at par in a Pvt. Limited company controlled by one of his close friend and handed over cash alongwith Share Application Form in October 2006 to one of the promotor Director (a close friend of Mr. A). Equity Shares were allotted to Mr. A and Return of Allotment in Form No.2 was filed by the company in December 2006 showing name of Mr. A as one of the allottee. Mr. A is holding 5% equity share capital of the company and name of Mr. A as a shareholder is also shown in the Annual Returns filed by the company till date.
As normally happens in Private Limited companies, no cash payment receipt was issued to Mr. A by the company and also no share certificate was handed over to Mr. A by the company. Mr. A has no proof of having invested Rs.20,000/- in the company except copies of Form No.2 and Annual Returns of the company. Now Mr. A is not on speaking terms with the companies directors and accordingly can not ask for the Share Certificate from them.
Please suggest as to what action Mr. A should take for getting original or duplicate share certificate from the company.
Thanks
CAclubindia
