Share capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2016
Sir,
If a company has issued different share certificate for different distinctive number of shares to one person.
For ex. 0001 sh to 1000 sh, for which share certificate issued bearing number is 001. 1000 sh to 5000 sh, for which share certificate issued bearing number is 002. 5000 sh to 9000 sh, for which share certificate issued bearing number is 003.
Now, can i cancel all distinctive number of shares for issue of only one share certificate for share bearing distinctive number 0001 sh to 9000 sh.
If a company has issued different share certificate for different distinctive number of shares to one person.
For ex. 0001 sh to 1000 sh, for which share certificate issued bearing number is 001. 1000 sh to 5000 sh, for which share certificate issued bearing number is 002. 5000 sh to 9000 sh, for which share certificate issued bearing number is 003.
Now, can i cancel all distinctive number of shares for issue of only one share certificate for share bearing distinctive number 0001 sh to 9000 sh.
CS Peer mehboob
(Expert)
07 December 2016
Yes, you can do so. One share certificate can be issued after cancelling old certificates merging all shares in one certificate. Distinctive number will be same but new share certificate will carry the new certificate number consequant to the last issued share certificate.
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