share-certificate

What is a share certificate? Share certificate is a document issued by the company evidencing the number of shares held by a person named therein. It is the Prima facie evidence of the title of the person to such shares. In simple terms, a share certificate indicates the person so named owns the shares mentioned therein. The Companies Act, 2013 mandates every company incorporated in India and having share capital, to issue share certificate to their shareholders within such period and in such format as is prescribed under the Act....

Introduction Most of the private limited companies are closely held with the limited number of members, or sometimes having only family members as shareholders of the company and therefore the company prefers to issue share certificates in physical form. A share certificate is a legal document that certifies the legal ownership of a specific number of shares held in a company. What if this share certificate is lost or misplaced? Does the Companies Act, 2013 provide for the issue of duplicate share certificates?...