When can society issue share certificates?
When can society issue duplicate share certificates?
If no objections are received within fifteen days from the date of affixing the notice on the notice board of the society then the society may proceed to issue a Duplicate Share Certificate.
What is the time limit for issue of a share certificate?
The time limit to issue a share certificate on the allotment of shares is of maximum 2 months.
What if society is not giving share certificate?
Within 15 days of you submitting the file to the Society, if Society has not given you the Share certificate, then you write a reminder letter to the Society, asking it that in another 15 days (after reminder letter) if you don’t get the Share Certificate of your flat, then under Bye-law No.
Can you issue share certificates electronically?
Share certificates can be issued in electronic format as a PDF file; however several individuals prefer to receive traditional printed certificates. Both formats can be requested upon company formation.
Can society issue duplicate share certificate?
Yes, you can get a duplicate share certificate issued by following this simple procedure: File an FIR in the local police station stating that you have lost the original share certificate issued to you by the housing society. … Attach the duly notarized indemnity bond with the application made to the society.
Can I sell my flat without share certificate?
In order to sell or transfer your flat in a smooth manner, you have to furnish No Objection Certificate (NOC) from the society.
What is the procedure to get duplicate share certificate?
In order to obtain Duplicate Share Certificates, You need to Lodge a complaint with Police Station and submit a Copy of FIR (mentioning Folio No, Share Certificate(s), Unit Name, Distinctive No(s) and no. of lost shares) in original or attested by notary/gazette officer.
What is the limit to issue share certificate on allotment of shares answer in one sentence?
Ans: The time limit to issue a share certificate on the allotment of shares is of maximum 2 months.
Is it compulsory to issue share certificate?
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 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.
What is the allotment of shares in one sentence?
The process of creation and subsequent issuing of shares by any business firm is referred to as allotment of shares.