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Question
Share certificate is issued for partly or fully paid up shares.
Options
True
False
Solution
This statement is True.
Explanation:
Share certificate has to be issued under the common seal of the company, if any and signed by two Directors duly authorised by the Board of Directors and the Company Secretary or any other authorised person. Company has to issue the share certificate to all allottees as well as transferees on transfer of shares. It is issued on partly or fully paid up shares.
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