Golden Verdict
Corporate Management

Issue share certificates that are legally airtight.

Section 46 of the Companies Act, 2013 mandates share certificate issuance within 2 months of allotment. A properly executed SH-1 certificate is the shareholder's primary proof of ownership.

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Share Certificate Issuance India

Share Certificates Issued in 3 Days*

*Timeline is indicative and may vary based on document verification and government processing.

What is a Share Certificate?

A share certificate is a documentary evidence issued by a company under Section 46 of the Companies Act, 2013, certifying that a named person holds a specified number of shares of a specific class in the company. The certificate must be in Form SH-1, signed by at least 2 directors and the Company Secretary (if appointed), and bear the company's common seal (if applicable). Under the Companies Act, share certificates must be issued within 2 months of incorporation (for subscriber shares) or within 2 months of allotment/transmission of shares. Failure to issue certificates within the prescribed time makes the company and its officers liable to a fine of up to ₹25,000 per default. For shares that have been dematerialised (demat), physical certificates are not required — the demat account acts as proof of ownership.

Certificate Requirements

  • Must be in Form SH-1 format as prescribed under Companies (Share Capital and Debentures) Rules, 2014
  • Signed by at least 2 directors and the Company Secretary (if applicable)
  • Must bear common seal of the company if the company has one
  • Must state: company name, CIN, registered office address, shareholder name, number of shares, share class, certificate number, and date of issue
  • Must be issued within 2 months of allotment (or incorporation for subscriber shares)
  • Register of Members (Form MGT-1) must be updated with certificate number and date

Our Process

1

Pass Board Resolution authorising issuance of share certificates

2

Prepare SH-1 format certificates for each shareholder with correct share details

3

Get certificates signed by 2 directors (and CS if applicable) and affixed with common seal if held

4

Issue certificates to shareholders and obtain acknowledgement

5

Update Register of Members (MGT-1) with certificate numbers and date of issue

6

For duplicate certificates: obtain SH-2 indemnity bond, publish newspaper notice, pass board resolution, issue duplicate

How It Works

1

Share Your Details

Fill a short form or call us. We collect your requirements and all documents online — no physical visit needed.

2

Expert Assignment

A dedicated specialist with expertise in your service category is assigned to your case within 24 hours of payment.

3

Work in Progress

Your expert prepares documents, files applications with the relevant authority, and follows up on your behalf.

4

Delivery

Your registration certificate, legal document, or filed return is delivered digitally to your Golden Verdict dashboard.

Corporate Management service

Get Your Certificates Issued Without Any Hassle

Board resolution, Form SH-1 certificate preparation, duplicate certificate process (Form SH-2 + newspaper notice), and Register of Members update.

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Custom Quote

Pricing tailored to your specific requirements

Why Golden Verdict For
Share Certificate Issuance?

Many newly incorporated companies — particularly those set up by promoters unfamiliar with Companies Act formalities — fail to issue share certificates at all, or issue them without the correct SH-1 format, missing director signatures, or without updating the Register of Members. These gaps become visible during investor due diligence and funding rounds, causing significant delays. Golden Verdict prepares SH-1 format certificates for all shareholders, ensures the board resolution for issuance is in order, updates the Register of Members, and for cases involving lost or destroyed certificates, handles the Form SH-2 indemnity bond and newspaper advertisement process for duplicate certificate issuance.

A share certificate is proof of ownership. Get it right from day one — Golden Verdict handles the process completely.

Expert legal team at Golden Verdict

Frequently Asked Questions

Is a physical share certificate mandatory for private limited companies?+
Yes, unless shares are held in demat form. For private limited companies where shares are in physical form, Section 46 requires share certificates in Form SH-1 to be issued to each shareholder. With MCA's mandate for dematerialisation (effective September 30, 2024 for existing private companies), companies in the demat transition should issue certificates for any shares not yet dematerialised.
What happens if share certificates are not issued within 2 months?+
Non-issuance of share certificates within the prescribed timeline is a default under the Companies Act. The company is liable to a fine of ₹25,000, and every officer in default is liable to a fine of up to ₹25,000 per default. Additionally, it creates complications during investor due diligence.
How are duplicate share certificates issued for lost originals?+
To issue a duplicate certificate, the shareholder must: (1) provide a written notice of loss to the company, (2) execute a Form SH-2 indemnity bond (surety may be required for large holdings), (3) the company publishes a notice in a newspaper about the lost certificate, (4) board passes a resolution and issues a duplicate marked 'Duplicate issued in lieu of Certificate No. ___'.
Do share certificates need a company seal?+
Under the Companies (Amendment) Act, 2015, the common seal is now optional for companies. If the company has a common seal, it must be affixed on the certificate. If not, two directors and the Company Secretary (if appointed) must sign the certificate — and the certificate must be under the hand of two directors.
Are share certificates still valid after dematerialisation?+
Once shares are dematerialised and the ISIN is allotted by NSDL/CDSL, the physical share certificates become void and must be surrendered to the Registrar & Transfer Agent (RTA). The demat account statement becomes the primary proof of ownership.
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Ready to get your Share Certificate Issuance?

Section 46 of the Companies Act, 2013 mandates share certificate issuance within 2 months of allotment. A properly executed SH-1 certificate is the shareholder's primary proof of ownership.

“A share certificate is proof of ownership. Get it right from day one — Golden Verdict handles the process completely.”

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