Question

Under the Companies (Share Capital and Debentures) Rules, 2014, a duplicate certificate of shares may be issued if such certificate: (

  • I                 Is proved to have been lost or destroyed. (I
  • I               Has been defaced, mutilated, or torn and is surrendered to the company.
A Only Statement I is a valid ground for issuance.
B Only Statement II is a valid ground for issuance.
C Both Statement I and II are valid grounds for issuance.
D Neither Statement I nor II are valid grounds.
E Statement I is valid only if supported by a Court Order.
Practice Next

Hey! Ask a query