Re-issue of share certificate

Hi all

I had a doubt regarding the re-issue of share certificate due to the name change of the share holder

X  is a private company it issued the shares to the share holders at the time of incorporation, Y company (pvt) is a share holder in X company later that the Y compny changes its name to   Z   and made a request to X company change the name Y to Z in the share certificate and surrender the original share certificate. 

Pls post 

what is the procedure and the draft Board resolution of X comapny for accepting the requisition made by the Y company. 

Replies (2)

After taking all the requird documents, viz New Certificate of Incorporation, affidavit and indemnity bond, if requried, the X Company may either issue fresh certificate in lieu of old one or endorse the new name on the back side of the Share Certificate and incorporate the new name in the register of members.

Agree with Mr Srivastava,

As Company can issue a new certificate or can endorse the old one. 

the copy of new certificate of incorporation is required to be filed with the company.

 

Regards,

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