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Section 25: Issue of share certificate

Small Industries Development Bank of India (General) Regulations, 2000Central Regulations · 1989

(1) While issuing certificates to any shareholder, it shall be competent for the Small Industries Bank to issue the certificates on the basis of one certificate for each fifty shares or multiples thereof registered in his name on anyone 68 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] occasion and one additional share certificate for the number of shares in excess thereof but less than fifty.

(2) If the number of shares to be registered is less than fifty, one certificate shall be issued for all the shares.

(3) In the case of shares held jointly by several persons, delivery of the relative certificate or certificates to one of such joint holders shall be sufficient delivery to all and receipt signed by any one of the joint holders shall effectually bind all the joint holders.

Provided that nothing contained in this regulation shall apply to the shares held with a depository.

Where this provision sits

ActSmall Industries Development Bank of India (General) Regulations, 2000
Section25
Marginal noteIssue of share certificate
JurisdictionCentral
StatusIn force as published by the source

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