04 October 2014
Have a querry regarding share certificate, is share certificate is required to be issued wen share is reduced after transfer of share, plz any body provide the formate of share certificate old and new. Plz help asap.
08 October 2014
After share transfer there is no need to issue a fresh share certificate. After approval of share transfer simply mention the transfer details on the back side of share certificate and issue the same to the transferee.
Under companies actv2013 the format of share certificate has been changed. So if you are registering the transfer after April 2014 than use the new format.
Plz check section 46 of CA 2013 along with rule 5 of Companies (share capital and debentures) rules 2014. New share certificate format is given in form SH-1.
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