Form of share certificate: must state holder, share details and paid-up amount; duplicates must be clearly marked. Every share certificate must specify the name of the person in whose favour it is issued, identify the shares concerned and record the amount paid up thereon. Certificates issued in place of originals because of sub-division, replacement or consolidation must state on the face and against the stub or counterfoil that they are 'issued in lieu of' the original and indicate the nature of the change, while replacement certificates issued as duplicates must be stamped or punched in bold with the word 'duplicate' and similarly recorded on the stub or counterfoil.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Form of share certificate: must state holder, share details and paid-up amount; duplicates must be clearly marked.
Every share certificate must specify the name of the person in whose favour it is issued, identify the shares concerned and record the amount paid up thereon. Certificates issued in place of originals because of sub-division, replacement or consolidation must state on the face and against the stub or counterfoil that they are "issued in lieu of" the original and indicate the nature of the change, while replacement certificates issued as duplicates must be stamped or punched in bold with the word "duplicate" and similarly recorded on the stub or counterfoil.
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