preetham
asked
what are the uses of share certificate?
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narahari
answered
a unique share certificate number
the company’s name and registered number
Registered office of the company
the name of the shareholder
the address of the shareholder
the number of shares covered by the share certificate
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CA Sandeep Bohra
answered
Dear Friend,
In corporate law, a stock certificate (also known as certificate of stock or share certificate) is a legal document that certifies ownership of a specific number of shares or stock in a corporation.
A stock certificate represents a legal proprietary interest in the common stock (in the sense of the general fund) or assets of the issuer corporation. The certificate evidences a chose in action against the issuer to collect dividends and usually to influence the issuer through voting pursuant to the issuer's charter and bylaws, which are often implied or incorporated by reference as terms on the face of the certificate.
Stockholder rights are subject to the solvency requirements of issuer's general creditors and to any terms and conditions validly placed upon the face of the stock certificate which are part of the total agreement between the particular stockholder and the issuer.
