Issue of share
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 November 2012
Dear All
Suppose we had issued 500 shares in favour of A, now we want to cancel the same issue fresh share in favour of 400 shares to B and 100 shares to C. Can we do that what are the formalities required
Suppose we had issued 500 shares in favour of A, now we want to cancel the same issue fresh share in favour of 400 shares to B and 100 shares to C. Can we do that what are the formalities required
16 November 2012
Hi
If you have allotted same shares and you have received the amount from shareholders against it then you can not cancel the allotment.
Please also check, whether your company articles says about cancellation of shares.
If you have allotted same shares and you have received the amount from shareholders against it then you can not cancel the allotment.
Please also check, whether your company articles says about cancellation of shares.
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