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Companies Act & MCA

Share Certificate Issue and Duplicate Certificate: Evidence Checklist

Share Certificate Issue and Duplicate Certificate: Evidence Checklist
Finin2min Compliance Desk·June 2026·7 min readSHARE CERTIFICATE

A share certificate is legal evidence of shareholding, not a design file. Companies should treat issue, endorsement, duplicate certificate and cancellation as controlled events.

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Section 46 context

Section 46 of the Companies Act deals with certificate of shares. For practical compliance, the share certificate process must match allotment, transfer and register records.

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Certificate control table

EventEvidence
Fresh allotmentBoard/allotment approval, PAS-3 file, register entry and certificate issue tracker.
Transfer endorsement/new certificateTransfer instrument, board approval, old certificate and register update.
Duplicate certificateLoss affidavit/indemnity, newspaper/police evidence where required, board approval and duplicate marking.
Split/consolidation/replacementOriginal certificate, approval and register update.
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Records to preserve

  • Certificate number and distinctive numbers.
  • Member folio and class of shares.
  • Issue/endorsement/cancellation date.
  • Signed certificate copy and dispatch proof.
  • Board approval and register update extract.
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Finin2min warning

Duplicate certificate is high-risk. Issue only after proper loss evidence, indemnity and approval controls.
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Build your Companies Act evidence fileKeep approvals, registers, certificates, SRNs, challans and cap table support in one transaction-wise folder.
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Official sources used

This article is intentionally source-limited to official India Code / MCA material. Verify final filing positions with the latest Act, Rules, MCA forms and portal advisories before publishing.

FAQs

Which section deals with share certificates? â–¾

Section 46 deals with certificate of shares.

Should certificate data match register of members? â–¾

Yes. Certificate number, distinctive numbers and member details should match statutory registers.

Can duplicate certificate be issued casually? â–¾

No. Lost/duplicate certificate cases need stronger evidence and approval controls.

Source and review trail

Use the current official instrument, portal or regulator publication before acting. This panel separates the category authority from page-specific references.

Primary category
Companies Act & MCA
Official starting point
www.mca.gov.in

Page source links

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