share certificate split and property purchase
This query is : Resolved
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
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
(Expert)
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.
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.
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