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of <h1>Rule 9: Directors Must Safeguard Share Certificate Records; Exemptions Apply Under Depositories Act 1996</h1> Rule 9 of the Companies (Issue of Share Certificates) Rules, 1960 mandates that specific individuals are responsible for maintaining and safeguarding books and documents related to the issuance of share certificates, excluding blank forms. If a company has a managing director, they are responsible; otherwise, all directors share this responsibility. These documents must be permanently preserved, and surrendered certificates should be marked 'cancelled' and can be destroyed after three years. The rule exempts certificates cancelled under the Depositories Act, 1996, and related regulations. Amendments have removed references to managing agents and secretaries following legislative changes.
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