# Delivery of Share Certificates
The Companies Act prescribes outer time limits within which a company must deliver share certificates / debenture certificates to entitled persons.
## Time Limits Table
| Situation | Time Limit |
|---|---|
| Subscribers to memorandum | Within 2 months from date of incorporation |
| Allotment of shares | Within 2 months from date of allotment |
| Transfer / Transmission | Within 1 month from receipt of intimation of transfer/transmission |
| Debentures | Within 6 months from date of allotment |
## Special Notes
- For shares in dematerialized form (Demat), certificates are not issued physically — credit must happen immediately to the demat account.
- The time limit for debentures is longer (6 months) compared to shares because debentures are often issued in large series with detailed documentation.