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          <h1>Key Definitions in Companies (Issue of Share Certificates) Rules, 1960: 'Act,' 'Board,' 'Seal' Explained per Companies Act, 1956.</h1> In the Companies (Issue of Share Certificates) Rules, 1960, key definitions are outlined. 'Act' refers to the Companies Act, 1956. 'Board' denotes the Board of Directors or a committee thereof, requiring at least three directors if the board exceeds six members, and at least two if not. The committee must predominantly consist of directors other than managing or whole-time directors. 'Seal' refers to the company's common seal. The provision regarding managing agents and secretaries was omitted following the Companies (Amendment) Act, 1969.

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