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Issue of Shares — Secretarial Practice STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeIssue of Shares4 Marks
Question
State the contents of the Share Certificate.
✓

Answer

  • A Share certificate refers to a document which is issued by a company evidencing that a person named in such certificate is the owner of the shares of the company stated in the share certificate.
    Share certificate has to be issued under the common seal of the company. It should be issued within 2 months from the date of allotment against the allotment letter.

    Contents of Share Certificate:
    Share Certificate should be in Form SH – 1 as prescribed under Companies (Share Capital and Debenture) Rules 2014.

    • Name of the company with Registered office address
    • Folio Number
    • Share Certificate Number
    • Name of Member
    • Nature of share number of shares and a distinctive number of shares.
    • Amount paid on shares
    • Common seal, if any, and signature of two directors and company secretary.

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