share certificate
This query is : Resolved
17 July 2009
can we issue new share certificates with new distinctive no by destroying existing complete share certificates?
nothing is written in law for this.
Is there any practice that is followed?
nothing is written in law for this.
Is there any practice that is followed?
17 July 2009
Yes you can issue.
The board has to pass a resolution for the same.
The board has to pass a resolution for the same.
18 July 2009
You can issue new certificate in new format only after approval of sample certificate in BM through Board resolution.
But you can not change the distinctive numbers.
For example Mr. A is holding 150 share with distinctive no from 8351 to 8500.
You can not change the distinctive no. mentioned in the certificate of Mr. A. However there is no express prohibition in this regards in law but it may create problems in future.
Regards
But you can not change the distinctive numbers.
For example Mr. A is holding 150 share with distinctive no from 8351 to 8500.
You can not change the distinctive no. mentioned in the certificate of Mr. A. However there is no express prohibition in this regards in law but it may create problems in future.
Regards
18 July 2009
is it possible to pass resolution in shareholders meeting for changing in distinctive no.?
Please advice.
Please advice.
24 July 2009
As i mentioned in my earlier reply there is no express prohibition in this regards in law so you may go ahead.
Regards
Regards
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