share certificate-distinctive number
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 June 2010
Dear Experts,
We have paid up capital of 10000 equity shares of Rs.10 each.
We have issued the share certificate, starting from Distinctive number 1 to 10000/-.
Now, we have consolidated the shares of Rs.10 each to Rs.100 each. Now there will be 1000 shares.
We have to issue the fresh share certificate. My question is whether the distinctive number will start from 1 or 10001.
Kindly reply
We have paid up capital of 10000 equity shares of Rs.10 each.
We have issued the share certificate, starting from Distinctive number 1 to 10000/-.
Now, we have consolidated the shares of Rs.10 each to Rs.100 each. Now there will be 1000 shares.
We have to issue the fresh share certificate. My question is whether the distinctive number will start from 1 or 10001.
Kindly reply
05 June 2010
Consldt Share Certificate to start from 10001.
Even in case of issue of Duplicate Share Certificate the Distinctive Number of the old/to be replaced share certificate is not mentioned in the new Share Certificate but latest Dinct. Nos. are given.
Regards,
Vignesh J
Even in case of issue of Duplicate Share Certificate the Distinctive Number of the old/to be replaced share certificate is not mentioned in the new Share Certificate but latest Dinct. Nos. are given.
Regards,
Vignesh J
05 June 2010
I hold a different view. Since the face value is changed, the old distinctive numbers will not hold good any further. That data base has to be freezed and a new data base has to be created which should be correlated with the old one. The distinctive numbers can again start with 1.
We have done this for listed companies in which we have split the face value from Rs. 10 to Rs. 2.
We have done this for listed companies in which we have split the face value from Rs. 10 to Rs. 2.
06 June 2010
I agree with the answer of Mr. Rasesh.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- 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
- Goods sold but invoice not issued
- 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?
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
