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प्रश्न
Justify the following statement.
A company can issue duplicate share certificate.
उत्तर
Justification:
- A company can issue a duplicate share certificate if the Original share certificate has been defaced,
- mutilated or torn and is surrendered to the company.
- It has been proved by the holder that the original share certificate is lost or destroyed. - In case of loss of share certificate, the company puts up a notice in the newspapers to announce the loss of the share certificate and asks the finder, if any, to return it to the company.
- If the company does not get any response from the public, within the specified time, then the company can issue a duplicate share certificate.
- A duplicate share certificate should be issued within three months from the date of application. The company issues it only to registered shareholders. Thus, it is rightly justified that, a company can issue a duplicate share certificate if the original certificate is lost, destroyed, or torn.
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संबंधित प्रश्न
Write notes on Contents of the share certificate.
______ is a proof of title to shares.
Write a word or a term or a phrase which can substitute the following statement.
Document which is a prima facie evidence of ownership of certain shares of a company
Share certificate is issued for partly or fully paid up shares.
Complete the sentence.
In case the original Share Certificate is torn or mutilated, company can issue ______
Answer in one sentence.
What is a share certificate?
Correct the underlined word and rewrite the following sentence.
Duplicate share certificate must be issued within one month from date of application.
Explain the following term/concept.
Share certificate
Study the following case/situation and express your opinion.
| Shing Metal Ltd. Company has recently come out with its public offer through FPO. Their issue was over-subscribed. Now the Boord of Directors wants to start the allotment process. Please advise the Board on: |
- Should the company set up an allotment committee?
- How should the company inform the applicants to whom the company is allotting shares?
- Within what period should the company issue a share certificate?
