share certificate split and property purchase

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RItu (Querist)
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23 April 2008 sir,

kindly let me know when a ahreholder requests the co to spli his share certificate to 4 , hehas 20 shares and wants seperate certificate of 5 shares each, does he has to bear the cost of new shares issuedby the co

b) also pls let me know how is purchse of land by a company treated... does it requrie board or general resolution and which section governs it?

would be greatful if my query is answered promptly

thanks and regards

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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02 October 2008 a)This is free of cost.
b)It does not require a board resolution if the power is already delegated to a managerial person. If not The board has to approve the purchase.