Share Certificate - Split up

15496 views 9 replies

Neeta

Finance

345 Points Joined December 2009

Hello members

Plz confirm me on this issue - A company had issued share certificates , say , each certificate of 100 shares and afterwards the holder transfer the 20 shares to B , he executes properly Transfer deed , but since there is one certificate of 100 shares , physically shares were not handelled to B . now each one wants the share certificates respective of their holdings .

the procedure : to go for split up of shares , showing simply in the minutes that the shares being split up and transfer shown ( tell me how it shud be numbered , i mean the certificate of 100 shares is if numbered as 1 then after split up what shud be the number of certificate carrying 80 shares and that carrying 20 shares , is it 2 and 3 respt ? )

is der any other requirement , plz give me the relevant section in companies act

also plz provide the draft resolution for split up or cancellation and transfer .

thanks and regards

Neeta

Replies (9)

Ankur Garg

Company Secretary and Compliance Officer

114788 Points Joined January 2009

Hi Neeta,

Find attached my company law handout and check page -18 of the handout to understand certification of transfer u/s 112.

Best Regards

Ankur Garg

Company Secretary and Compliance Officer

114788 Points Joined January 2009

Find attached herewith sample board minutes to record transfer of shares with split of share certificate. These minutes covered the desired resolution.

Hope this file would be off some help.

Best Regards

Ankur Garg

Company Secretary and Compliance Officer

114788 Points Joined January 2009

You may download some other sample minutes from the link below:

Download_Corporate Law professional files

Neeta

Finance

345 Points Joined December 2009

thank u so much sir, thnks for sharing and specl the handout , it is just excellent.

thnks again , regards

Neeta

Ankur Garg

Company Secretary and Compliance Officer

114788 Points Joined January 2009

You are most welcome Neeta !!!

Hariharakrishnan

Officer

46 Points Joined March 2010

Dear Mr. Ankur Sir,

I have one doubt. Actually, four shareholders of one of our clients have requested for split and transfer of their equity shares. Is it required to draft separate minutes for each split and transfer or one minutes is enough.

If you have any sample minutes/resolution, please forward the same to me at my email id hariharan,krishnan10 @ rediffmail.com

Thanks and regards,

V.K. Hariharan

Hariharakrishnan

Officer

46 Points Joined March 2010

Dear Anklur Sir,

My emial id is hariharan.krishnan10 @ rediffmail.com and not hariharan,krisnnan10 @ rediffmail.com. Sorry for the inconvenience.

NIKITA

JOB

16 Points Joined April 2016

Dear Ankur Sir,

Your reply is really appreciatable Mr. Garg

I have similar query for split of Share Certificate

for a private company one of my shareholder holding 10,000 equit shares and he wants to transfer part of the shares i.e. 7000 shares

1. 2000 shares

2. 2000 shares

3. 2000 shares

4. 1000 shares

5. 1000 shares

6. 1000 shares

7. 500 shares

8. 500 shares

so kindly tell me whole procedure for split of shares??????????????? for a private company

and we have to first check the articles and in the articles there should be the clause of split of share certificate???? clarify my confusion

riyana

student

22 Points Joined February 2017

A company incorporated in January 2017 want to issue share certificate, what is the procedure for getting share certificate. should the company issue share ceritificate on its own or through register of companies.