17 June 2015
Dear All, X Ltd issued 500 shares bearing distinctive no 01 to 500 to Mr. A later on Mr.A requested for split in to two certificate of 200 and 300 shares respectively.
Now CS of the X Ltd issued two certificate bearing distinctive no 5001 to 700 and 701 to 1000 and cancelled distinctive no.01 to 500.
Moreover, distinctive got increased but no of paid up share remained the same i.e 500.
My quarry is whether a company can allot different distinctive no in place of original distinctive no.
19 June 2015
Dear Amit, Distinctive numbers of shares certificates issued after split will remain one and same only. Only certificate number will change. In this case distinctive number 501 to 1000 is wrong it should be 1 to 500 only even after split.
CAclubindia
