Issue of share certificate in case of Right Issue

[dubeysn...@gmail.com]

The company has issued shares on Right basis and now the company wants to issue Share certificates to the shareholders. Can anyone please share the format of Board Resolution for Issue of Share certificates? 

Also, does the company have to issue new Share certificates everytime additional shares are alloted?

Please provide your guidance on this.

Thanks & Regards

Sneha Dubey

[Ramakrishnan J]

Yes Company has to issue certificates every time as that is the proof of allotment for the shareholders.

Model resolution:

  “RESOLVED THAT the format of Equity Share Certificates as per the format tabled before the Board, duly initialed by the Chairman for the purposes of identification, be and is hereby approved;  

 RESOLVED FURTHER THAT the share  certificates be issued pursuant to the provisions of Section 46 of Companies Act 2013 read with Rule 5 of the Companies (Share Capital and Debentures) Rules, 2014, in Form SH-1 in respect of shares allotted as per the table given below, under the signature of Mr. ____________ and Mrs. ______________, Directors of the Company OR Mr. ________________  / Mrs. ________________, Director of the Company and Company Secretary (wherever there is a Company Secretary), who are further authorized to issue the new Share Certificates, and do all such other act(s), thing(s) and deed(s) as may be required, deemed necessary or incidental to give effect to the above resolution.