India Updates Companies Act: Changes to Schedule I, Tables F & H; Clarifies Share Certificate Signing Rules.
The Central Government of India amended Schedule I of the Companies Act, 2013, specifically altering Table F and Table H. In Table F, paragraph II, sub-paragraph (2) now requires share certificates to be signed by two directors or a director and a company secretary, with provisions for companies with a common seal. The amendment clarifies that a One Person Company can have certificates signed by a director and a company secretary or an authorized person. Additionally, an explanation was added to sub-paragraph (79) and Table H, sub-paragraph (30), clarifying that after the Companies (Amendment) Act, 2015, companies may not need a seal.
Full Summary is availble for active users!
Note: It is a system-generated summary and is for quick
reference only.