Avail 50% discount on All CS & CMA subjects for Dec batch . Use coupon code Dec14

×

Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > Corporate Law > Resolutions >

Board resolution for re-issue of share certificate

    Post New Topic
Pages : 1





ACA


[ Scorecard : 1389]
Posted On 14 January 2012 at 16:19 Report Abuse

Hello Everybudy.,

 

I need draft of Board Resolution in respect of re-issue of share certificate as per Rule 4(2) of the Companies (Issue of Share Certificates) Rules, 1960.

Rule 4(2)

No certificate of any share or shares shall be issued either in exchange for those which are sub-divided or consolidated  or in replacement of those which are defaced, torn or old decrepit, worn-out, or where the cases in the reverse for recording transfers have been duly utilized, unless the certificate in lieu of which it is issued is surrendered to the company :

Provided that the company may charge such fee, if any, not exceeding Rs. 2 per certificate issued on splitting or consolidation of share certificates or in replacement of share certificates that are defaced or torn, as the Board thinks fit

 

As far I understood, there is two requirements in this regard:-

One is bring back Old Share Certificates and other is Board Resolution.

If there is any other requirement, please do mention here.

Please reply here soon..

 

Thanks


Online classes for CA CS CMA



CA Sumiit B Nagpal
Business


[ Scorecard : 722]
Posted On 16 January 2012 at 02:41

 

U can modify it according to your requirement

 

 

 

         Split of Share Certificate

 

RESOLVED THAT following Share Certificate No. 1125 in the name of Mr. Prakash Somani, bearing Distinctive No. _________ be and is hereby split into two certificates as follows:

 

NAME OF SHAREHOLDER                       

     CERTIFICATE NO.                       

NO. OF SHARES

 

Mr. Prakash Somani

 

              1125

      1,00,000

 

RESOLVED FURTHER THAT the old share certificate be and is hereby cancelled and new share certificate as detailed above be and is hereby issued, signed by any two directors and Company secretary under the Common Seal of the company in conformity with Articles of Association of the Company.”

 

Share Certificate

Name of Shareholder

Equity Shares

              Distinctive No.’s

From                                       To

     

 

 

   

     

 

 

 



Total thanks : 1 times




RAJESH CHOUDHARY
ASSISTANT MANAGER


[ Scorecard : 13890]
Posted On 16 January 2012 at 13:38

Board resolution shall followed by bring back old share certificate shall suffice in the given matter.No specific performa is available as the same is to be passed in simple language as per requirement.



Total thanks : 1 times



Vidisha Gupta
Company Secretary


[ Scorecard : 91]
Posted On 21 June 2013 at 12:57

1. can any one tell me whether it is neccatily require to pass resolution for spliting of share sertificate for the transfer of share to two diffrent person is required

2. can we issue new spillted certificate dirctly in the name of transfree or first we have issue in the name of ansferor thereafter transfer to be made

 



There are 3 Replies to this message






Related Files








Related Threads


Post your reply for Board resolution for re-issue of share certificate



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.




Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top