BBNC

Issue of Share Certificates


A share certificate is a document issued by a company proving that the individual listed on the certificate owns the shares of the company mentioned on the certificate.
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Overview

Initially after the company incorporation, the company must issue share certificates to the shareholders/promoters within 60 days from the date of Incorporation. This is mandatory compliance as per the companies act 2013.

If a company has received funds for the purpose of allotment of shares on a private placement basis, then the shares must be allotted within 60 days of its receipt. If the company fails to do so then it should return the amount within 15 days.

Any amount received for the purpose of subscription of shares and shares are not allotted within 60 days of time, the money should be returned to the investor within 15 days, else it will be treated as deposits.



Benefits of Share Certificates

Checklist/Requirements

Process of Issuing Share Certificates

Step 1: Conducting a Board Meeting & Allotment of shares
Step 2: Register of members
Step 3: Preparing and Printing Share Certificates
Step 4: Intimation and dispatch of Share Certificate

Key Deliverables

  1. Share certificates

Issue of fresh share certificate

Why Choose Us

  Entrepreneur Friendly

We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.

  Experienced Professionals

All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.

  One Stop for All Your Requirements

We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.

  Cost-Effective

We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.


Frequently Asked Questions


Why should I have a share certificate?
Share certificate serves as an important document for shareholders to prove ownership in a company. it is the only document that proves your ownership in the company.
No, A company must issue share certificate to its shareholders. Shareholders cannot issue his/her own share certificate himself/herself.
Where any default is made in complying with the provisions the company and every officer of the company who is in default shall be liable to a penalty of fifty thousand rupees.
within a period of six months from the date of allotment in the case of any allotment of debenture.
Where the securities are dealt with in a depository, the company shall intimate the details of allotment of securities to depository immediately on allotment of such securities.
Yes, the share certificates are to be duly stamped, dated and executed by or on behalf of the transferor and the transferee.