State the time limit within which certificate of securities as provided in Companies Act, 2013 to be issued in case of: (i) Any allotment of shares. (ii) Any allotment of debentures. What is the punishment in case of def

Under section 56(4) of the Companies Act, 2013 , every company, unless prohibited by any provision of law or any order of any Court, Tribunal or other authority must deliver the certificates of all securities allotted, transferred or transmitted :- Within a period of two months from the date of incorporation, in the case of subscribers to the Memorandum and within a period of two months from the date of allotment in the case of any allotment of any of its shares; Within a period of six months from the date of allotment in the case of any allotment of debenture. However, as per the proviso to sub section 4 of section 56, where the securities are dealt with in a depository, the company shall intimate the details of allotment of securities to depository immediately on allotment of such securities. Where any default is made in complying with the above provisions, Section 56(6) states the company shall be punishable with fine which shall not be less than ₹25,000 but which may extend to ₹5 Lakh and every officer of the company who is in default shall be punishable with fine Which shall not be less than ₹10,000 but which may extend to ₹1,00,000.