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of <h1>Share Certificates as Ownership Evidence: Issuance, Duplicates, and Penalties for Fraud under Section 447.</h1> A share certificate issued by a company, either under its common seal or signed by authorized directors or a Company Secretary, serves as prima facie evidence of share ownership. Duplicate certificates can be issued if the original is lost, destroyed, or damaged. The issuance process, form, and register details are prescribed by law. For shares held in a depository, the depository's records serve as evidence of ownership. If a company fraudulently issues a duplicate certificate, it faces a substantial fine, and responsible officers are subject to penalties under section 447.
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