Certificate of shares: issuance subject to board authorisation, required form, authorised signatures and register entry.

Certificates for non-demat shares require a Board resolution and usually surrender of the letter of allotment; Form SH.1 (or near thereto) must identify holder(s), shares and paid-up amount. Certificates must be signed by two authorised signatories (two directors or a director and the company secretary), the common seal affixed where applicable, and facsimile or digital signatures are permitted only with personal responsibility for their use. Entries of every certificate must be made in the Register of Members with the name(s) of the recipient and the date of issue.

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