Multiple certificates to initial subscribers

Ashish Kedia (CA) (737 Points)

12 January 2012  

Is it possible to issue multiple share certificates to intial subscribers to the MoA. As in if a subscriber has undertaken to purchase 5000 shares is it possible to issue 5 certificates of 1000 shares each or is it that by default he has to be issued only 1 certificate of 5000 shares and later apply for split?