Ledger folio number when the member existing

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This query is : Resolved

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When a member sells all their shares and exits a company, their original ledger folio number is not reused or cancelled. Instead, it remains associated with the member's historical record, often showing zero holdings. A new ledger folio number is then allocated to any new shareholder who acquires shares, ensuring the integrity of the company's share register.

Govardhan Varma

Govardhan Varma (Querist)
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15 April 2022 What happen the member sold all the shares to other and exit the company. Then what happen to ledger folio number of the company Register?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 April 2022 That will remain as zero holding.

Govardhan Varma

Govardhan Varma (Querist)
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21 April 2022 Required to know what happen to the ledger Folio Serial number in the register.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 April 2022 Once serial number allotted it can't be reallotted again cancel the folio.

Govardhan Varma

Govardhan Varma (Querist)
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23 April 2022 Okay now i got cleared the query. Thank You

CA Puja Sharma

CA Puja Sharma (Expert)
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23 April 2022 The ledger folio number will remain forever with new holdings. When you allot the shares to the new shareholder, a new ledger folio will be used for him

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