https://www.taxtmi.com/forum/issue?id=118775 Companies ordinarily cancel or require surrender of an existing share certificate only to reissue in the transferee's name following a valid transfer. If a company cancels a shareholder's certificate and issues a new certificate to another person without any actual transfer, the company and responsible officers may incur penalties under Section 46 of the Companies Act, 2013 for improper cancellation and reissue. en-us Tue, 26 Sep 2023 22:15:41 +0530 Thu, 28 Sep 2023 15:13:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118775 Companies ordinarily cancel or require surrender of an existing share certificate only to reissue in the transferee's name following a valid transfer. If a company cancels a shareholder's certificate and issues a new certificate to another person without any actual transfer, the company and responsible officers may incur penalties under Section 46 of the Companies Act, 2013 for improper cancellation and reissue. Discussion-Forum Companies Law Tue, 26 Sep 2023 22:15:41 +0530 https://www.taxtmi.com/forum/issue?id=118775