Share certificate

This query is : Resolved

CA Saxena (Querist)
Follow

15 January 2013 sir please help me on 1 issue. i read in an article, the format of share certificate.

in case we have issued certificates not containing particulars for transfer on the reverse side and we have to transfer shares, what is the remedy?

please reply

Regards

CS Suraj Arora

CS Suraj Arora (Expert)
Follow

29 January 2013 Dear CA Saxena

Please take note that Companies Act 1956 does not provide for any format of share certificate therefore you can issue new share certificates to new shareholders of the Company.

Thanks & Regards
Suraj Arora

CA Saxena

CA Saxena (Querist)
Follow

29 January 2013 Thank you sir. but i just need to know in case we need to transfer the same certificates, how do we affect the transfer.?

Upgrade to CAclubindia Pro. Subscribe Now!

CS Suraj Arora

CS Suraj Arora (Expert)
Follow

30 January 2013 Dear CA Saxena

You have to endorse on the Share certificate with following words i.e.

The Board of the Company in their meeting on .......has approved the transfer of/......No of shares from the transferor mentioned on the face of this certificate i.e.from Mr.......to Mr.......and made entries in the Register of Members of the Company on .........This Certificate is further given to the transferee i.e. under the common seal of the Company duly signed by Mr........Director of the Company as on .......as a token of shares in the Company.

This will serve your purpose.

thanks & With regards
Suraj Arora

CA Saxena

CA Saxena (Querist)
Follow

30 January 2013 Thank you so much sir