Richardson and Cruddas Limited (Acquisition and Transfer of Under-takings) Act : CUSTODIAN TO ISSUE FRESH

Richardson and Cruddas Limited (Acquisition and Transfer of Under-takings) Act ,1972

Act No : 78

Section : CUSTODIAN TO ISSUE FRESH SHARE CERTIFICATE

SECTION 21: CUSTODIAN TO ISSUE FRESH SHARE CERTIFICATE

(1) The Custodian shall issue, in such form as may be prescribed, fresh share certificate in relation to the shares which have been declared/by the Tribunal as representing, in reality, a contribution to the capital of the old company.

(2) All share certificates issued by the old company before the date of the determination made by the Tribunal shall, on and from such determination, stand cancelled.