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Issuing of a new Share Certificate without an actual transfer of shares - Corporate Laws / SEBI / LLPExtract During the process of issuing a share certificate during the transfer of shares, it's stated that first, the issued share certificate has to be surrendered by the former shareholder (or their certificate is cancelled by the company in case of non-surrendering). Then this certificate has to be issued in the name of the latter shareholder. But what if the company, for fraudulent purposes, cancels the share certificate of a shareholder and without any transfer of shares, issues a new certificate in the name of another person? So what would be done in this case?
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