Can anybody help me with the procedure of Issue of Fresh Share Certificate in case one have purchased an exixting co. in 2004 and does not have any of the old share certificates till 2009? Now the company wants to issue new share certificates as per the shareholders list of 2009 and cancel all the old share certificates.
Menu
Issue of share certificate
Replies (1)
You can do the following:
1. pass a Board Resolution explaining that the company has received requests from shareholders that the old share certificates has been torn & hence there is a necessity to issue fresh certificates. The Company can pass a resolution mentioning that all the old share certificates are cancelled & the Company will issue new series of certificates. As such you can issue certificates only to the existing shareholders;
2. send letter to each shareholder requesting to surrender their old share certificates(s);
3. Issue Fresh Share Certificates to existing shareholders
However in case your company is a listed company, prior approval of stock exchange is required & the notice is to be published in the newspaper.
Recent Topics :
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
Related Topics :
CAclubindia
