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Issuing of a new Share Certificate without an actual transfer of shares
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....ssuing of a new Share Certificate without an actual transfer of shares<br> Query (Issue) Started By: - Diksha Gupta Dated:- 26-9-2023 Last Reply Date:- 28-9-2023 Corporate Laws / SEBI / LLP<br>Got 1 R....
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....eply<br>Companies Law<br>During the process of issuing a share certificate during the transfer of shares, it's stated that first, the issued share certificate has to be surrendered by the former s....
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....hareholder (or their certificate is cancelled by the company in case of non-surrendering). Then this certificate has to be issued in the name of the latter shareholder. But what if the company, for f....
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....raudulent purposes, cancels the share certificate of a shareholder and without any transfer of shares, issues a new certificate in the name of another person? So what would be done in this case? Rep....
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....ly By Poornima Gupta: The Reply: I believe that in this case, the penalty under Section 46, Companies Act, 2013 will be imposed on the company and the officers engaged in such fraud. Kindly refer to-....
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.... Section 46 - Certificate of shares - Companies Act, 2013 (taxmanagementindia.com)<br> Discussion Forum - Knowledge Sharing ....