Section 46 of CA 2013 : Section 46: Certificate Of Shares
CA 2013
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Explanation using Example
Imagine that Priya holds 100 shares in ABC Ltd. She receives an official share certificate from the company, which is signed by two directors. This certificate serves as prima facie evidence of her ownership of the shares. A few years later, Priya's share certificate gets damaged due to water leakage in her home. She requests a duplicate certificate from ABC Ltd. The company issues a new certificate after she surrenders the damaged one, ensuring that Priya continues to have evidence of her share ownership. This process follows Section 46 of The Companies Act, 2013.
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