Printing Share Certificates

[Shaahul Hameed]

Dear Members

I have a few questions on Share Certificates:

1. Is there a standard format of a Share Certificate prescribed somewhere?
2. I found a Share Certificate Format on thick Cardboard paper at Seetaraman stores in Chennai. Can the Share Certificate be printed on normal A4 sheet or should it be printed on such cardboard paper only?

Regards

Hameed

[Aarti Jain]

Dear Hameed

Yaa there is a standard format of share certificates and share certificate needs to be taken printout on Bond paper not on normal A4 sheet.

Other views are most welcome

Regards

Aarti

--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
 
Find eNewsletters of ICSI Mysore at: www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx

--

[Shaahul Hameed]

Hi Aarti

Could you share the Share Certificate format which can be filled and printed on Bond Paper.

What about the share certificate formats (like the one attached to this mail) which are sold in stationery stores that are on cardboard paper? Are they not being used by Company Secretaries?



Thanks

Hameed

[abhishek jha]

Dear Hameed,

Attached is the format of Share certificate taken on bond paper whereas, you can also use the share certificate which is available in market

Regards

Abhishek

[ULHAS BHAT]

Dear Ms. Aarti,
In my humble opinion, Share Certificates needs to be in format specified in Companies (Issue of Share Certificates) Rules, 1960. Nowhere is it mentioned that it should be in bond paper. However, common seal must be affixed on share certificates and it should be signed by two directors and the secretary, or any other authorised person, if there is no secretary.
The share certificate should have suffered stamp duty as per provisions of local stamp act, i.e. in Karnataka Re.1/- for every Rs.1000/- or part thereof.
I think earlier during physical share certificates in case of public issue/Stock Exchange there was a specification for a minimum thickness for share certificates.
I'm not able to find any such provisions requiring Share Certificate to be in Bond Paper. So it follows, that we can print the share certificates in normal paper provided all above provisions are followed.
However in order to ensure that the Share Certificates are permanent document and don't easily get torn/defaced, Bond Paper or Thick Cardboard Paper may be used.
Please correct me if I'm wrong, as I don't know of any provisions in this matter.
Regards,
CS Ulhas S Bhat
Practicing Company Secretary
Mangalore

[HEGDE KAMALAKAR]

Completely agree with Mr.Bhat's point of view. I advise my clients to print share certificate in  75 or 80 gsm thickness Green sheets. (So called "ledger sheets" in some  parts of India).

-CA.Kamalakar Hegde.

[Rajesh Gupta]

Yes I agree with Mr. Bhat.

[CS Shainshad Aduvanni]

Dear Mr.Ulhas S Bhat,

What if a Company has changed its registered office subsequently and wants to issue new share certificates

--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
 
Find eNewsletters of ICSI Mysore at: www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx

--

Shainshad Aduvanni
Company Secretary
Coimbatore

09841414439
0422-2434491/92/93

[Nagaraja Rao]

Hi

 

It is better to buy printed certificates available in the market and fill name of company , allottees names etc. instead of printing sh. certificates as it saves lot of time and money.  We have been doing for several years,.

 

thanks

Thanks and Regards,
J.Nagaraja Rao
Company Secretary
mob 9686177553

[Astarag]

Hi

 

if company has changed the registered office the new certificates should bear the new address

for old stocks of share certificate please afix stamp of new address on the certificate

 

there is no format specified for the certificates

Share certificate rules however specifies, what a share certificate should contain

while printing thick papers is advisable to be used to avoid unecessary future burden of issuing new certificates in liue of torned certfts

 

company may consider keeping some clue in the certificate to identify forged certificate ofcourse applicable for widely held

please read the share certificate rules for more clarity in my opininon it covers all aspects relating to share certific ates

 

regards

With 

Cs. P.A. Patnaik