Share certificates post subdivision

Incase a company has doce subdivision of shares, and new shares certificates are to be issued, in whose name should the new certificates be issued in cases where there have been transfer of shares? i.e. the back side is endorsed. The share certificate after subdivision should be in the name of the present shareholder or in the name of original shareholder? Thank you
Replies (2)

It should be in the name of present shareholder.

 

When new share certificates are issued post subdivision, is stamp duty required to be paid on the new share certificates in Mumbai?

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