Numbers
This query is : Resolved
Brajesh Kumar
(Querist)
22 January 2012
what is the maximum number of shares to be issued in a single share certificate?
Charu Srivastava
(Expert)
22 January 2012
There is no limit.You can allot any numbers of shares in a share certificate.
others view are solicited.
others view are solicited.
Mukta Suyal
(Expert)
23 January 2012
I agree with Ms. Charu, as per law there is no rtestriction on the maximum number of shares that are to be allotted in a share certificate.
But, practically in Delhi we issue only 1000 shares in a share certificate and the reason of the same is- You have to pay stamp duty in the share certificate, hence generally people allot only that much shares in 1 share certificate, which is comfortable for them to paste stamps on the certificate or alternatively you can pay stamp duty through franklin mode through which you can allot any number of shares in 1 certificate.
But, practically in Delhi we issue only 1000 shares in a share certificate and the reason of the same is- You have to pay stamp duty in the share certificate, hence generally people allot only that much shares in 1 share certificate, which is comfortable for them to paste stamps on the certificate or alternatively you can pay stamp duty through franklin mode through which you can allot any number of shares in 1 certificate.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- ETDS return q4 25-26
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
