Ledger folio number when the member existing

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This query is : Resolved

Quick Summary

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)

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)

16 April 2022 That will remain as zero holding.

Govardhan Varma

Govardhan Varma (Querist)

21 April 2022 Required to know what happen to the ledger Folio Serial number in the register.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

22 April 2022 Once serial number allotted it can't be reallotted again cancel the folio.

Govardhan Varma

Govardhan Varma (Querist)

23 April 2022 Okay now i got cleared the query. Thank You

CA Puja Sharma

CA Puja Sharma (Expert)

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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