Surrender of Share Certificate

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A company needs to surrender a share certificate to a bank after fully repaying a car loan. The discussion provides a draft resolution for this process, specifying the share certificate details and requesting the value be credited to the company's account.

siddhi

siddhi (Querist)
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05 February 2020 Dear Sir,

Can anyone send me the draft resolution for surrender of share certificate which need to submit to the bank .

Amol S Joglekar

Amol S Joglekar (Expert)
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06 February 2020 what is the issue? Why do you want to surrender share certificate to BANK? And who is surrendering?....individual or company?

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siddhi

siddhi (Querist)
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06 February 2020 Due to completion of Car loan need to surrender share certificate. The share certificate issued by the bank and the holder is Company.

Amol S Joglekar

Amol S Joglekar (Expert)
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06 February 2020 Resolved that having repaid the vehicle loan availed from xxxxx bank, in full on xx/xx/xxxx, the shares , having share certificate number xxxx and distinctive numbers xxxx to xxxx, of the said bank be surrendered to the said bank and the value of the said shares be credited to our account number xxxx.with xxxx bank

siddhi

siddhi (Querist)
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06 February 2020 Thank you sir............

Amol S Joglekar

Amol S Joglekar (Expert)
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06 February 2020 You are most welcome..............

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