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thoughtworks
Thoughtworks
May 30, 2017
Limitation of time for issue of certificates
Section 071
Limitation of time for issue of certificates.—(1) Every company shall issue certificates of shares or other securities within thirty days after the allotment of any of its shares or other securities and ensure delivery of the certificates to the person entitled thereto at his registered address.
(2) Any violation of this section shall be an offence liable to a penalty of level 1 on the standard scale.
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