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?
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Multiple certificates to initial subscribers
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Dear SIr,
There is no prohibition in Companies Act in repect of issue of multiple share certificates or single share certifcate to each subscribers to the MOA against their shares.
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