Split of Shares

This query is : Resolved

vishwas gajanan chandhaikar (Querist)
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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?

Toshiba Sugandhi

Toshiba Sugandhi (Expert)
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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.

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vishwas gajanan chandhaikar

vishwas gajanan chandhaikar (Querist)
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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.

Toshiba Sugandhi

Toshiba Sugandhi (Expert)
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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.

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