Shareholder folio number
Querist : Anonymous
Can a Company change the folio numbers of all its shareholders on any event (E.g. Bonus, Split, Issue etc)??
No, you can not change the folio number once alloted till the transfer of shares of that shareholder. Folio number is Identification number of that shareholder and on the basis of folio number the details are maintained by the company.
Querist : Anonymous
Querist : Anonymous
Yes, you will rectify this if the time period of issue of share certificate under section 113 has not expired.
The Act is silent on penal provisions for doing such type of mistake.
Querist : Anonymous
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