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Question

A share certificate is required to be signed by _________.

A
Two directors and company secretary
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B
Chairman of the company
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C
Attorney of the company
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D
Chartered accountant
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Solution

The correct option is A Two directors and company secretary
Rule 5 read and form SH.1 contains a provision for the signature of two Directors and a Secretary as a mandate for issuing share certificate. Thus, below-mentioned signatories are required to put their signatures on a share certificate:
  • Two Directors specifically authorized by the Board of Directors of the company for the purpose, or the Committee of the Board if so authorized by the Board.
  • The Company Secretary or any other person authorized by the Board.

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