Change of shareholding entity form
Querist : Anonymous
Now, we have to make changes in the shareholding registers accordingly. Since the entity has changed, would this amount as 'transfer' of shares ? Will we be required to issue new share certificates for this ??
However, with general sense, it can not be considered as Transfer of Shares.
Your company is required to change the share certificates only when a company receives intimation from such LLP that its status has been changed. Practically speaking, a company can not issue shares in new name sue moto.
Querist : Anonymous
Thanks for the reply
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