Share certificate

Hi Hinna

Yes, if there is no other authorised signatory , then any one director can also sigh as Authorised signatory on the share certificate.

Regards

Malav

Thanks

but have u done this sort of thing in actual

Means how a person can witness his own signature

Hi,

Yes, I have issued certificate in such manner. As per Rule 6 of Companies (Issue of Share certificates) Rules, the third person should be authorised by the Board. So the Board can authorise a Director to sign as authorised signatory even though he has signed as Director. 

Regards

Malav Shah

 I subscribe to the views as expressed by my learned friend Mr. Malav Shah and others regarding the procedure for sighning the share certificate The Department of Company Affairs (Company News & Notes, July 1, 1963 issue - refer Ramaiya's Guide to the Co's Act)  has clarified, inter alia, that the reason for a Secretary/3rd Authorised signatory to affix his signature on the share certigficate is that there should at least be some one belong to the board of directors to exercise due check and take responsibility that every thing is allright. Hence, as long as due diligence process is ensured, there is no bar on a Director himself affixing his signatrure as the third signatory.

Vasudevan