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Distinctive no of shares

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(Querist)
11 July 2011 A pvt Ltd. Co. issued shares to its subscribers as follows

Class - equity
Face Value Rs.10/-

10000 shares (dist. Nos 1 - 10000) in the ratio of 2:1:1 among Mr. A, Mr.B and Mr.C

later it issued 40000 addl shares (Dist Nos 10001 - 50000) in the same ratio to the same people

Now the face value of all shares has been dropped to Re. 1/- per share resulting in 50000 shares now being 5,00,000 shares

How do we effect the change in distinctive no.s of all the shares in the shareholder's register??
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CS Bijoy

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CS Bijoy (Expert)
11 July 2011 According to me due to decrease in face value per share there will be no affect on distinctive number.
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Sneha

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Sneha (Querist)
11 July 2011 Sir,

should not the first 10000 shares (001-10000) become 100000 (001-100000) and the next 40000 become 400000 (100001-500000). The doubt lies only in the technicality.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
16 July 2011 Technically new share certificates are required to be issued of face value Rs.1 in exchange of the old certificates.
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