Issue of Share Certificate as per Companies Act 2013

Applicable Provisions:

Section 46 (issue of share certificates) and sub-section (4) of section 56 (relating transfer and transmission of securities) read with Rule 5 of Companies (Share capital and debentures) Rules, 2014.

The time period of issuing a share certificate (Section 56 (2))

• A subscriber to the memorandum:- 2 months from the date of incorporation
• Allotment of any of its share:- 2 months from the date of allotment
• Transfer or Transmission of share:- 1 month from the date of receipt of the instrument Allotment of debenture:- 6 months from the date of allotment

Penalty: