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How do I issue a share certificate in a private limited company?

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Ishita Ramani Ishita Ramani
Answered on April 07,2022

The corporation is required to issue a member with a single certificate for all of his shares without charging any fees. If a shareholder demands more than one certificate, the company might issue extra shares in exchange for a fee of Rs.20 per certificate.

At the time of assignment, subscription, or incorporation, a share certificate must be issued. For the Certificate to be issued, a Board resolution must be passed at the Board Meeting. The created share certificates must meet the requirements described above and be signed by two Directors, the Company Secretary, or any other person authorized by the Board of Directors.

The share certificate must be issued from the Company's registered office, and stamp duty on the issue of the share certificate must be paid according to the State's Stamp Act. Following the issuance of the share certificate, the details of the share certificate must be entered into the Register of Members, which is kept under Section 88 of the Companies Act, 2013. Along with the name of the person who issued it and the date, it was issued.

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