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Consolidated Share Certificate

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Sreedevi Pillai

9 Points Posted on 20 November 2020

A Private Company had many transfers of shares within the family members. However, there is no proper track of the share certificate nos. issued to the transferees. The shareholders of the Company were brought down to 4 and one consolidated share certificate was issued to each of them bearing different distinctive numbers.

No details are available about the original share certificate no. We only have the distinctive numbers. We need to issue the consolidated share certificate for a set of 10 distinctive numbers held by each shareholder. Can we mention as per Annexure 1 against distinctive numbers in the new consolidated share certificate and attach the sheet to the share certificate?

Is this sufficient compliance for issue for consolidated share certificates?

Replies (2)

Quick Summary

This discussion addresses the process of issuing consolidated share certificates for a private company that has undergone numerous share transfers. The company needs to issue new certificates to its four remaining shareholders, but historical share certificate numbers are unavailable, only distinctive numbers. The core question is whether attaching an annexure listing the old distinctive numbers against the new consolidated certificate constitutes sufficient compliance.

Ankur jain

4 Points Posted on 26 November 2020

It is advisable to mention distinctive numbers on the face of share certificate. In case space provided is not.enough then, an additional sheet can be attached and reference should be mention on the share certificate mentioning that an additional sheet is attached.

Also, in your case a consolidated share certificate is issued therefore reference of the previous share certificates should be given.