Regarding Printing of Share Certificate, questions are :-
How many Certificates will be issued in each Stages?
Whose name should be printed in the front side of the each certificates to be issued as per ur answer in point 1 ?
What details should be mentioned at the overleaf of the above each certificates regarding the details of transfers?
Hi,
1. At 4th stage, you have to issue 2 fresh share certificates to Mr. E and Mr. F. Because there is split and transfer.
2. At 2nd and 3rd stage. no need to issue the fresh share certificates.
At stage 2, The same share certificates of A and B should be handed over to to C by writing the transfer details on backside of share certificates.
3. stage 2 and stage 3 are similar.
| Originally posted by : Kiran Toshniwal | ||
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Hi, 1. At 4th stage, you have to issue 2 fresh share certificates to Mr. E and Mr. F. Because there is split and transfer. 2. At 2nd and 3rd stage. no need to issue the fresh share certificates. At stage 2, The same share certificates of A and B should be handed over to to C by writing the transfer details on backside of share certificates. 3. stage 2 and stage 3 are similar. |
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Kiran..!
according to ur reply, 2 new share certificate has to be issued.
whose name shud be mentioned in the front of these 2 new certificates ? n what details to be mentioned on the back side of the certificate? nd what about the certificate number?
Hi,
whose name shouldd be mentioned in the front of these 2 new certificates ?
Ans: Mr.E and Mr.F
what details to be mentioned on the back side of the certificate?
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MEMORUDUM OF TRANSFERS OF SHARE(S) MENTIONED OVERLEAF |
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TRANSFER No. |
REGISTER FOLIO NO. |
NAME(S) OF TRANSFEREE(S) |
INITIALS |
AUTHORISED SIGNATORY |
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(Usually backside of share certificate will be as showed above)
what about the certificate number?
Suppose Mr.A- Share Certificate no.1
Mr.B- Share Certificate no.2
Then, Mr.E- Share Certificate no.3
and Mr.F- Share Certificate no.4
Kiran...!
I know the format of the back side of the certificate...
i m asking that what shud be written at the back side in the coloumn mentioned as above ?
whether it shud be left blank?
?????????????????
Dear Adarsh,
At Stage- 1: two share certificates will be issued for 10,000 shares each in the name of Mr. A and B respectively.
At Stage- 2: since all the shares are being transfered to Mr. C, on the back side of both Certificates name of Mr. C will be written only (also called Endoresement).
At Stage- 3 since the shares again are being transfered to Mr. D, on the back side name of Mr. D will be written.
At Stage- 4 Mr. D will submit the share certificates with the Company and request to split the existing share certificates into denomination of 15,000 and 5,000. This time both the Share Certificates will be issued in the name of Mr. D and by virtue of transfer endorsement will be made at the back side in the name of Mr. E and F.
Hence, in totallity 4 share Certificates will be printed.
Agree with Mr.Archit .
Adarsh , to question No 1 : Only at fourth stage new certificates need be issued . At 4th stage Mr. D shud handover the certificate to the company and ask for split to enable the transfer. the company will cancel certifcate no 1 and 2 of 10,000 sh each and will issue certificate no 3 and 4 of 15000 and 5000 resptively.
Qustn No 2 : certificate no 3 and 4 will be isuued in the name of Mr. D ( coz at the point of split and issue Mr. D is the person whose name is there in the Reg of members . its only after that Mr.D will show the transfer on the back side of the certificate ) So on the front side of certfc no 3 and 4 the name is of Mr.D
Question No 3 : On the back side of certificate no 1 and 2 - both name of C and D will come as transferee . and on the back of certifcate no 3 ( for 15000 sh ) transferee name Mr.E and on the back of certfct no 4 ( 5000 sh ) transferee name Mr. F.
Regards
Neeta
Ok !!!
thanks alot to Archit & Neeta...!!
1 thing i wanna know more..
what is the differnce between Certification of Shares & Split of shares ?
whether, in 4th stage, the same procedure has to be followed in case of both certification or split of shares ?
Dear All
Please send me the format of backside of share certificate ?
Thanking you in anticipation.
Regards
Vishal Agarwal
CA-FINAL
CAclubindia
