New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A certificate of shares issued by a company should

    be_________________
    A Signed by two directors or a Company Secretary Correct Answer Incorrect Answer
    B Issued under the common seal, if any, of the company Correct Answer Incorrect Answer
    C Signed by two directors or by a director and the Company Secretary, wherever the company has appointed a Company Secretary Correct Answer Incorrect Answer
    D Either a or b Correct Answer Incorrect Answer
    E Either b or c Correct Answer Incorrect Answer

    Solution

    ‘Companies Act’  Section 46. Certificate of shares: (1) 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, wherever the company has appointed a Company Secretary, specifying the shares held by any person, shall be prima facie evidence of the title of the person to such shares.

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