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        Companies Law

        Rule 7 - Maintenance of share certificate forms and related books and documents

        Companies (Share Capital and Debentures) Rules, 2014
        Chapter 01

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        Share certificate recordkeeping: board-authorised printing, custodial responsibility, prolonged preservation and procedures for cancellation. Blank share certificate forms must be printed under Board authorisation, consecutively machine-numbered, and their printing materials and forms kept in the custody of the company secretary or another Board-authorised person who accounts to the Board. Maintenance and safe custody of all books relating to issue of share certificates is vested in a Board-authorised committee or the company secretary, or a specifically authorised Director if there is no company secretary. Books must be preserved at least thirty years (permanently if disputed); surrendered certificates must be defaced as 'cancelled' and may be destroyed after three years under Board resolution and appointed supervision, subject to a dematerialisation-related exception.
                      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.

                            Share certificate recordkeeping: board-authorised printing, custodial responsibility, prolonged preservation and procedures for cancellation.

                            Blank share certificate forms must be printed under Board authorisation, consecutively machine-numbered, and their printing materials and forms kept in the custody of the company secretary or another Board-authorised person who accounts to the Board. Maintenance and safe custody of all books relating to issue of share certificates is vested in a Board-authorised committee or the company secretary, or a specifically authorised Director if there is no company secretary. Books must be preserved at least thirty years (permanently if disputed); surrendered certificates must be defaced as "cancelled" and may be destroyed after three years under Board resolution and appointed supervision, subject to a dematerialisation-related exception.





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