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Section 33
Share Certificate
: (1) Within two months from the date of allotment of shares to each shareholder for the shares taken by him, in case of a public company, the signature of one of the directors or the executive head of the company or the company secretary, and in the case of a private company, the signature of the person mentioned in the regulations or unanimous agreement, and the seal of the company, if any. The share certificate should be given in the prescribed format.
(2) When issuing a share certificate for shares held jointly by two or more persons, a share certificate can be issued to any of them by mentioning their names on the certificate. But in the shareholder's registration book, the names of all the shareholders must be mentioned.
(3) If the share certificate is lost, destroyed due to natural disasters or any other reason, the shareholder shall inform the registered office of the company as soon as he finds out that the share certificate has been lost, destroyed due to natural disasters or due to any other reason.
(4) If there is an application in accordance with sub-section (3), the company shall understand all the necessary information in this regard, and if the procedure mentioned in the application is deemed appropriate, it shall issue another share certificate to the applicant with the fee specified in the regulations for a copy and shall also record the same in the shareholder's register book.
(5) Notwithstanding anything written elsewhere in this section, if the listed company orders the securities registrar authorized under the prevailing law to provide securities deposit services to keep a registration book in accordance with sub-section (6) of section 46, the shareholder shall be issued a securities deposit passbook instead of a share certificate or prove that he is a shareholder. Any other certificate can be arranged.
(6) A certificate issued by the company disclosing the number of shares or debentures held by a shareholder or debenture holder and if the company uses the seal of its authorized officer shall be the primary evidence of his ownership of such shares or debentures.
(7) If a company distributes any shares or debentures or transfers such shares or debentures to a representative of a securities trading institution licensed in accordance with the prevailing law, the provisions of sub-section (1) shall not apply in relation to such shares or debentures.