For signing of Share Certificate of a Pvt. Ltd. Co. is it necessary to Sign the Share Certificate by th Authorised Signatory also, if there is only Two Directors in the comapny and there is no other person employed in the compnay.
Marely signature by TWO Directors serve the purpose. Pl reply,
Vivek Tibrewal
yes , It is necessary that the certifcate must be signed by an authorised signatory under the Companies (Issue of share certificate Rule), 1960 .
Simply , authorise any person thru the board resolution to sign the certificate. He/She may not be employee of the Company
Thanks Ekta, for your quick reply
But I can't understand what is the significant / Purpose to get signed the share certificate through the Authorised Signatory even the Directors are quite sufficent to sign the all the papers as well as Share Certificates too.
Dear Vivek
Ms. Ankita is right, and u also check your company articles.
Regards
Ajay
Sorry
Ms. Ekta is right.
I also agree with Ms. Ekta. The Comapny can authorise any person in teh Board Resolution as an Authorised Signatory for signing the Share Certificates.
VISHAL, THE DIRECTORS ARE QUITE SUFFICIENT BUT THE THE SIGNATURE OF AUTHORISED SIGNATORY IS REQUIRED TO ACT AS A WITNESS TO THE DIRECTOR'S SIGNATURES....
As per Companies (Issue of Share Certificates )Rules, 1960 share certificates must be signed by atleast two directors and company secretary or any person authorised by the board on this behalf.
yeah, Etka is right. but why?? for second question? why necessay signature for authorized person?
The answer lies here that it is not possible for directors to always be in touch with day to day affairs of the company. They may be required to g oaborad for clients or other stuff. so their signature is affixed by the method given in (Issue of Share Certificate) Rules, 1960 as to by means of machine, equipment or other mechanical means. And for authorized secretary, it is necessary to get a sign by means pen i.e. no meachnical means is available for them. Hence it is necessay for authorized secretary to get presence or else there may be chances of misuse of those meachanical means.
Apart from common seal is it required to stamp the share certificates.
Common Seal is optional now as per the Final Companies Amendment Bill passed in December 2014. So no need to affix common sela if the company does not have the same
Completely agreed with Mr. Srivastava and Mr. Saluja, we have followed the same procedure recently.
Special thanks to Mr. Srivastava for his article on 'Increase in Authorised Capital' 
Regards,
Avneesh Mishra
CAclubindia
