Share certificate
This query is : Resolved
17 June 2015
Dear All,
X Ltd issued 500 shares bearing distinctive no 01 to 500 to Mr. A later on Mr.A requested for split in to two certificate of 200 and 300 shares respectively.
Now CS of the X Ltd issued two certificate bearing distinctive no 5001 to 700 and 701 to 1000 and cancelled distinctive no.01 to 500.
Moreover, distinctive got increased but no of paid up share remained the same i.e 500.
My quarry is whether a company can allot different distinctive no in place of original distinctive no.
Please reply it is very urgent.
Regards
Amit Kumar
X Ltd issued 500 shares bearing distinctive no 01 to 500 to Mr. A later on Mr.A requested for split in to two certificate of 200 and 300 shares respectively.
Now CS of the X Ltd issued two certificate bearing distinctive no 5001 to 700 and 701 to 1000 and cancelled distinctive no.01 to 500.
Moreover, distinctive got increased but no of paid up share remained the same i.e 500.
My quarry is whether a company can allot different distinctive no in place of original distinctive no.
Please reply it is very urgent.
Regards
Amit Kumar
19 June 2015
Dear Amit,
Distinctive numbers of shares certificates issued after split will remain one and same only. Only certificate number will change. In this case distinctive number 501 to 1000 is wrong it should be 1 to 500 only even after split.
Distinctive numbers of shares certificates issued after split will remain one and same only. Only certificate number will change. In this case distinctive number 501 to 1000 is wrong it should be 1 to 500 only even after split.
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- ITR 1: Details for showing Exempt Income
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Reporting Income under Section 44ADA
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- Tax liability on income of freelancer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
