Share certificate on conversion from pvt ltd to ltd

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This query is : Resolved

gunjan (Querist)

12 August 2015 A company was incorporated in 1996.
At that time shareholders were say... x y z.

Now the company has transferred the shares to A B C... And issued fresh shares also...and at the same time the company was converted from pvt to public....

So can the company decides to issue new share certificate in new name consequent to conversion of company. From pvt to public..

QUERY: what will be the new share certificate number Can we number these new share certificates with new name from 1...

OR is it required to be continued. number. E.g if the old certificate received by A B C on transfer of shares were numbered say 8,9,10... will this new certf with new name be numbered -11,12,13 or - 8,9,10 i.e. it will be given that same old certificate. number

OR- can v number it starting from 1 since they are with new name.

Further whether the folio numbers of these shareholder will remain the same or will it change.

Experts pls express your views

Thanks in advance.

CS JAY GOHIL

CS JAY GOHIL (Expert)

12 August 2015 1. folio numbers will not change in any way.
2. you can start the certificate from no. 1,2, 3 for this you have to cancel old share certificates

gunjan

gunjan (Querist)

13 August 2015 THANK YOU SIR FOR YOUR RPLY

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