Ekta (Practicing CS) (423 Points)
19 July 2010Can any one tell me that :
Mr. A, holds folio no.2 at the time of incorporation of Co. and after some yeas he transfers his shares to another person and his account closed on shares register and after that allotment was made by the Company and Mr. A got certain no of shares. now my question is should he allot the old folio no. that is Folio No. 2 or he should be alloted new folio no.???
Kanika Gupta
(C.S Trainee)
(100 Points)
Replied 19 July 2010
Mr. A should be alloted a new folio no. as when he transferred his shares he ceased to be a member and that folio no. is now no longer valid
vivek
(CS)
(751 Points)
Replied 20 July 2010
| Originally posted by : Kanika Gupta | ||
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Agree this is the practice. Once a member ceases from membership, One will be allotted new folio if again becomes the member.
Ekta
(Practicing CS)
(423 Points)
Replied 20 July 2010
ohk.. got it... thnk u v. much to both of u...
CAclubindia
