TOPIC 54: QUICK REFERENCE TO “Time limit to issue share certificates”
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Quick Reference for Time limit to issue share certificates---
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Legal provision:-
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Sec. 56(4) of Companies Act, 2013.
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Points:
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1. In case of Incorporation -
within 2 months from the date of Incorporation.
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2. In case of allotment of shares-
Within 2 months from the date of allotment.
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3. In case of transfer/ transmission of securities-
Within 1 month from date of receipt of instrument by the company.
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4. In case of Duplicate/ Renewed share certificate-
Within 45 days ( Listed co)
Within 3 months ( Unlisted co).
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5. Allotment of Debenture-
Within 6 months from date of allotment.
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Regards
ACA SOURAV BAGARIA