Sealing and signing of share certificates requires company seal presence and signatures; mechanical signatures allowed, rubber stamps prohibited. Every share certificate must be issued under the company seal affixed in the presence of two directors (or their attorneys) and the secretary or a Board appointee, and these persons must sign the certificate; at least one of the two directors should, if board composition permits, not be a managing or whole-time director. A director may sign by mechanical means (such as engraving or lithography) but not by rubber stamp, and is responsible for safe custody of the equipment or material used.
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.
Sealing and signing of share certificates requires company seal presence and signatures; mechanical signatures allowed, rubber stamps prohibited.
Every share certificate must be issued under the company seal affixed in the presence of two directors (or their attorneys) and the secretary or a Board appointee, and these persons must sign the certificate; at least one of the two directors should, if board composition permits, not be a managing or whole-time director. A director may sign by mechanical means (such as engraving or lithography) but not by rubber stamp, and is responsible for safe custody of the equipment or material used.
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