Standing Order No. 4527/2016 of the Labour Department, Government of Rajasthan dated 2nd February, 2016 on the issue of share certificates [C1M-JX5]

Standing Order No. 4527/2016

GOVERNMENT OF RAJASTHAN

Labour Department, Government of Rajasthan

Jaipur, dated the 2nd February, 2016

STANDING ORDER

To

All District Registrars,

Subject: The issue of share certificates by company issuing shares under the Rajasthan Stamp Act, 1999, regarding.

In exercise of the powers conferred by section 9 of the Rajasthan Stamp Act, 1999 (Rajasthan Act 14 of 1999), the Labour Department, Government of Rajasthan hereby issues the following Standing Order for the guidance of all officers subordinate to it:

1. References have been received seeking clarification on the manner in which section 9 applies to the issue of share certificates by company issuing shares.

2. The matter has been examined. Every company issuing shares carrying on the issue of share certificates shall make an application in Form H to the District Registrar within one hundred and eighty days, accompanied by a fee of one thousand rupees.

3. The District Registrar shall ensure that refund application is dealt with as directed above, and shall report compliance to the District Registrar within one hundred and eighty days.

4. Difficulties, if any, in the implementation of this standing order may be brought to the notice of the Labour Department, Government of Rajasthan.

(Secretary to Government)