Issuance of Share Certificate
A share certificate is a document issued by a company evidencing ownership of shares of the company, as per the details specified in the document. Companies Act requires the company to issue share certificates post-incorporation of the company and in the article, we look at the procedure for issuing company share certificates and other relevant regulations.
Post incorporation of a company, the company is required to issue share certificates within a period of two months from the date of incorporation. In case of allotment of additional shares to new or existing shareholders, share certificates must be issued within a period of two months from the date of allotment of shares. In case of transfer of shares, share certificates must be issued to the Transferee within one month of the date of receipt of the instrument of transfer by the Company.
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