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      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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