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Question
Complete the sentence.
In case the original Share Certificate is torn or mutilated, company can issue ______
Solution
In case the original Share Certificate is torn or mutilated, company can issue Duplicate share certificate.
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RELATED QUESTIONS
Write notes on Contents of the share certificate.
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Document which is a prima facie evidence of ownership of certain shares of a company
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Duplicate share certificate must be issued within one month from date of application.
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Share certificate
Justify the following statement.
A company can issue duplicate 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?
