Issuing of a new Share Certificate without an actual transfer of shares

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..... Issuing of a new Share Certificate without an actual transfer of shares
Query (Issue) Started By: - Diksha Gupta Dated:- 26-9-2023 Last Reply Date:- 28-9-2023 Corporate Laws / SEBI / LLP
Got 1 .....

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..... Reply
Companies Law
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 .....

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..... shareholder (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 .....

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..... fraudulent 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? Re .....

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..... ply 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)
Discussion Forum - Knowledge Sharing .....

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