Share Capital and Types of Shares — SPCC STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceSPCCShare Capital and Types of Shares2 Marks
Question
Write down the provisions of company set regarding share certificate.
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Answer
The provisions of Company Act regarding share certificate are as follows:
(i) The share certificate should have the company’s common seal.
(ii) The share certificate should have the signature of two directors and the secretary or the authorised signatory responsible for the same.
(iii) If more than one person holds the shares jointly all the shareholders do not get individual share certificate for the same shares. But on that consolidated share certificate along with the nam’e of the first shareholder, the names of other shareholders is also mentioned.
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