Counter receipt prohibition: amendment bars issuance of counter receipts after the prescribed cut off, affecting share certificate procedures. A proviso is inserted into rule 4(4) of the Companies (Issue of Share Certificates) Rules, 1960, prohibiting the issuance of counter receipts after a prescribed cut off, effected by the Companies (Issue of Share Certificates) Amendment Rules, 1999, which commence on publication in the Official Gazette under powers conferred by the Companies Act.
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.
Counter receipt prohibition: amendment bars issuance of counter receipts after the prescribed cut off, affecting share certificate procedures.
A proviso is inserted into rule 4(4) of the Companies (Issue of Share Certificates) Rules, 1960, prohibiting the issuance of counter receipts after a prescribed cut off, effected by the Companies (Issue of Share Certificates) Amendment Rules, 1999, which commence on publication in the Official Gazette under powers conferred by the Companies Act.
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