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Shareholders name change

Bhagwati Prasad Singh (Company Secretary) (170 Points)

03 April 2013

Name of one of the Shareholder in my co has changed from XYL LTD to XYL PVT LTD.

Do i know need to change its Registered Folio no and issue fresh share certificates

Or its name will continue to be in the same registered folio no and the share certificate

Pls advice

Thanks.

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2 Replies

poonam verma (Company Secretary) (191 Points)
Replied 03 April 2013

You should take a letter from the conecrned shareholder in which that intimates you regarding the change in name and take back the share certificate in the old name afetyr that issue a fresh certificate in lieu of old one. You may have the same folio number

Nilav (MT) (23 Points)
Replied 03 April 2013

companies(issue of share certificate)rules,1959 comply...however upon conversion the shareholder will continue to enjoy the initial share certificate without changing the letter head of the company on its cetificates as the company is not struck off its just converted.....however upon request from the member new SC can be issued