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Transmission of shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 February 2013 Sir, in case of transmission of shares, do we give a new certificate or the same share certificate is given with the new name endorsed.

how is the entry made in the register of members ?
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Ajay Mishra

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Ajay Mishra (Expert)
04 February 2013 Hi

No need to give new share certificate.
You only endorse back side of old share certificate details of transmission and send the same with letter of transmission to the legal hire of deceased shareholder.
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Querist : Anonymous

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Querist : Anonymous (Querist)
04 February 2013 and a new folio number be given with an entry in the register of members?
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Ajay Mishra

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Ajay Mishra (Expert)
04 February 2013 yes, and also in register in transfer/transmission.
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