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In whose Name Share Certificate is to be issued?

Ekta (Practicing CS) (423 Points)

27 June 2011  

When any Share Certificate is required to be splitted on the request of the owner of share certificate, are the splitted share certificates to be issued in the name of the transferee or in the name of transferor and to write name of transferee in memo. of transfers, back side of the share certificate?


 5 Replies

CS Ankur Srivastava (Company Secretary & Compliance Officer)   (17821 Points)
Replied 27 June 2011

Share Certificates is to be issued in the name of original shareholder then the name of Transferee is to be affixed on the back of certificate as in the case of transfer.

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)   (85905 Points)
Replied 27 June 2011

Originally posted by : CS Ankur Srivastava

Share Certificates is to be issued in the name of original shareholder then the name of Transferee is to be affixed on the back of certificate as in the case of transfer.
 

AGREED.

Pravin Gupta CS (trainee) (789 Points)
Replied 27 June 2011

Same thing we done shortly.... Agree with Ankur sir

CS Shivi Reddy (COMPANY SECRETARY) (175 Points)
Replied 28 June 2011

Agreed with Ankur. The share certificates after splitting shud bear the name of the original shareholder. the transfer has to be endorsed at the back of the share certificate. 

the original share certificate is o be cancelled.

regards

Shivi

Ekta (Practicing CS) (423 Points)
Replied 28 June 2011

Thank you very much to all.....


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