Ledger folio number when the member existing


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.

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?

16 April 2022 That will remain as zero holding.

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

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

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

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


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details