Date on share certificates

[madhu sudan]

Dear Members,

We have to issue share certificates for a newly incorporated company,
kindly let me know what date we have to mention on the share
certificate.
The Problem is without mentioning the date, Registrar will not affix
his stamp, my doubt is whether we need to mention the incorporation
date or first board meeting date or date on which we are getting it
stamped.

Regards
Madhusudhan

[Taruna Amarpuri]

We have to mention the date on which the Share Certificates are issued. U can mention Incorporation date if first Board Meeting has been held on that date. If not, then the date on which first Board Meeting was held.

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Regards,

CS Taruna amarpuri

[madhu sudan]

Thanks for your reply, my doubt is suppose if we have not issued the same on first board meeting date and as per my knowledge it can be issued within three months from the date of Incorporation/allotment, so in that case which date to mention, i.e., can we mention stamp duty paid date?

[nidhi goel]

Hello

It should be the date of First Board Meeting...As per my view...

On Sat, Jun 16, 2012 at 11:33 AM, madhu sudan <madhus...@gmail.com> wrote:

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With Regards

Nidhi Goel

Company Secretary.

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[Neha Gupta]

Dear Madhu,

We have to mention the date of Incorporation as the date of issue of Share Certificate because the first shareholder are the shareholders of the company by virtue of subscriber the MOA.

other views are solicited

On Sat, Jun 16, 2012 at 11:36 AM, Taruna Amarpuri <cs.ta...@gmail.com> wrote:

[Taruna Amarpuri]

Dear Madhu,

Certificates are to be issued on first Board Meeting to the subscribers to the Memorandum. For further allotments Section 113 is to be applied i.e., three months from date of allotment. This is my personal view. Wait for others' suggestions.

[Taruna Amarpuri]

Usually we show first Board Meeting on Date of Incorporation. So it will be suggested to issue on date of incorporation.

[Shekhy]

Dear Member,

I agree with Nidhi Goel. It should be the First Board Meeting Date only. 

Warm Regards,

Sheikhar Naik

Mysore
Mobile No.:+919008798930

On Sat, Jun 16, 2012 at 11:43 AM, nidhi goel <nidhi...@gmail.com> wrote:

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[CS Pallavi Goyal]

Share are allotted in the first board meeting. If the meeting is held on the DOI, then DOI otherwise date of first board meeting. The concept of three months is that the share certificates should be allotted within a max period of three months and not beyond that.

Thanks

Pallavi

[kameswara Rao Kappagantula]

Dear All

 

As per the Act the First Subscriber to the MOA are Members of the Company and thei name autiomatically entered in ROM.

 

But the Allotment is an act of Board so all practical purposes the Share Certificate should contain the date on which the shares allotted as the three months period as mnetioned in 113 starts from the date of allottment .

 

If the DOI and First BOD is same then u can mention that date.

 

Kamesh

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