Split of Shares
This query is : Resolved
24 March 2011
Dear All,
We want to transfer 20 % of 50000 shares to Mr. X i.e. 10000 shares.
But our shareholdings is as follows
Mr. a 8000 shares
Mr. b 7000 Shares
Mr. c 7000 Shares
Mr. d 7000 Shares
Mr. e 7000 Shares
Mr. f 7000 Shares
Mr. g 7000 Shares
In these case if We want to transfer 10000 shares how we can split these shares.
Please tell me the Procedure?
We want to transfer 20 % of 50000 shares to Mr. X i.e. 10000 shares.
But our shareholdings is as follows
Mr. a 8000 shares
Mr. b 7000 Shares
Mr. c 7000 Shares
Mr. d 7000 Shares
Mr. e 7000 Shares
Mr. f 7000 Shares
Mr. g 7000 Shares
In these case if We want to transfer 10000 shares how we can split these shares.
Please tell me the Procedure?
Toshiba Sugandhi
(Expert)
29 March 2011
Make it clear
Who want to transfer share to Mr. X.
And if all the existing share want to transfer then in what Proportion.
Who want to transfer share to Mr. X.
And if all the existing share want to transfer then in what Proportion.
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31 March 2011
Thanks Sugandhi,
We want to transfer Shares of Mr. f & g.
7000 Shares of Mr. f and 3000 Shares of Mr.g.
We want to transfer Shares of Mr. f & g.
7000 Shares of Mr. f and 3000 Shares of Mr.g.
Toshiba Sugandhi
(Expert)
31 March 2011
Now to transfer share, follow following steps:
1. No need to split share certificate of Mr. F as entire shareholding is to be transfered.
2. In case of Mr. G. :- split share certificate into two parts for 4000 and for 3000 shares and issue both to Mr, G
3. make entry of Transfer on certificate of Mr. F (7000) and Mr. G (3000 Share) to Mr. X.
Hope the above is in order.
1. No need to split share certificate of Mr. F as entire shareholding is to be transfered.
2. In case of Mr. G. :- split share certificate into two parts for 4000 and for 3000 shares and issue both to Mr, G
3. make entry of Transfer on certificate of Mr. F (7000) and Mr. G (3000 Share) to Mr. X.
Hope the above is in order.
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