Changing folio no.
This query is : Open
19 October 2013
If Mr.A having folio No. 1 transfers all his shares to Mr.B (who has folio no.2), is it possible to change Mr.B's folio number to 1 or will it remain to be folio no.2 ? What will happen to folio no.1 of Mr.A ?
CS Ankur Srivastava
(Expert)
19 October 2013
Mr. B folio no. will remain 2.
Folio no. 1 holding will be Nil.
These records shall be kept for all folios so folio numbers will not change.
In register of members the recording shall be made folio number wise.
Folio no. 1 holding will be Nil.
These records shall be kept for all folios so folio numbers will not change.
In register of members the recording shall be made folio number wise.
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CS Ankur Srivastava
(Expert)
19 October 2013
MY pleasure...
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