Latest share certificate format SH-1 and share transfer deed SH-4
1.Every certificate of share or shares shall be in Form No. SH.1 or as near thereto as possible. Such certificate shall specify the name(s) of the person(s) in whose favor the certificate is issued, the shares to which it relates and the amount paid-up thereon.
2.A certificate, issued under the common seal, if any, of the company or signed by two directors or by a director and the Company Secretary, (if the company has appointed a CS), specifying the shares held by any person, shall be prima facie evidence of the title of the person to such shares.
3.Every certificate shall specify the shares to which it relates and the amount paid-up thereon. Share certificate shall be signed by two directors or by a director and the company secretary, if the company has appointed CS:
4.A common seal shall be affixed on share certificate in the presence of persons required to sign the certificate, if company has common seal.
5.Time limit for issue of share certificates u/s 56(4) of the Companies Act 2013
| Sr No | Event | Time limit |
|---|---|---|
| 1 | Subscribers to memorandum | Within 2 months from the date of incorporation of the company |
| 2 | Allotment of shares | Within 2 months from the date of allotment |
| 3 | Transfer or transmission of securities | Within 1 month from the date of receipt by the company of the instrument of transfer or intimation of transmission |
6. Do not forget to pay appropriate stamp duty on share certificate and share transfer deed within prescribed time limit.
Latest share certificate format and latest share transfer deed
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