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of <h1>Companies Must Deliver Share Certificates Within Three Months Under Section 113 of Companies Act, 1956; Fines for Non-Compliance.</h1> Section 113 of the Companies Act, 1956 mandates that companies must deliver share and debenture certificates within three months of allotment or two months of transfer application, unless prohibited by law. The Central Government may extend this period by up to nine months if necessary. Failure to comply results in fines for the company and responsible officers. If a company fails to rectify defaults within ten days of notice, the Central Government can order compliance. For securities in a depository, companies must immediately inform the depository upon allotment.
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