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TMI BlogIssuing of a new Share Certificate without an actual transfer of sharesX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 shareholder (or their cert ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ificate 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 fraudulent purposes, cance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ls 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? - Reply By Poornima Gupta - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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- Section 46 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Certificate of shares - Companies Act, 2013 (taxmanagementindia.com) - Issuing of a new Share Certificate without an actual transfer of shares - Query Started By: - Diksha Gupta Dated:- 26-9-2023 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Last Replied Date:- 28-9-2023 Corporate Laws / SEBI / LLP - Got 1 Reply - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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