CS Surbhi Bansal (Self Employed) (131 Points)
30 November 2011
Dear friends,
After the request of the share holder,two share certificate can be issued to same member at a same time.
Such as Mr. Ram having 5000 shares in the Private limited company
And the company issued him after the request of the Mr. Ram
2 certificate
Didtinctive No(S) 0001 to 4999 & 5000 to 5000
at the same date?
and allot the same folio No. to Mr. Ram?
Is it possible?
Smriti Dhawan
(Company Secretary )
(347 Points)
Replied 30 November 2011
pls clarify your question surbhi m not getting it.
sriram
(CA Final)
(203 Points)
Replied 30 November 2011
The company has to issue two share certificate only if the shares are of different classes(Both are off free of cost, only if shares are off different class). However, if the shares belong to same class and the shareholder is in want of two share certificate, the company shall collect the charges for one share certificate as the director may decide and the other shall be off free of cost.
Charu Srivastava
(Company Secretary)
(4210 Points)
Replied 30 November 2011
yes a Company can issue two Certificates on the request of the Shareholder.
Folio Number will be same in both the certificate.
As far as Distinctive number is concerned it will be different in the Certicate. For eg. if 5000 Shares is to be divided into two Certificates of 2000 shares and 3000 Shares. the Distinctive Number will be 01-2999 and 3000-4999 respectively
if your Certificate no let say 1 then split it into 1A and 1B
regards
Charu
CS Surbhi Bansal
(Self Employed)
(131 Points)
Replied 01 December 2011
Thaks Friends for the reply..............
Charu One more thing is that i allot the different certificate no.
as 1 to the 0001 to 4999 &
2 to 5000 to 5000.
Hope there is no problem in that.
Charu Srivastava
(Company Secretary)
(4210 Points)
Replied 01 December 2011
Dear Surbhi..
I would like to make correction in my statement regarding Distinctive number
As far as Distinctive number is concerned it will be different in the Certicate. For eg. if 5000 Shares is to be divided into two Certificates of 2000 shares and 3000 Shares. the Distinctive Number will be 01-3000 and 3001-5000 respectively.
In ur case the distinctive number will be:-
as 1 to the 0001 - 4998 &
2 to 4999 - 5000.
CS Surbhi Bansal
(Self Employed)
(131 Points)
Replied 01 December 2011
Dear Charu,
We are alloting seprate share certificate only for the one share so the distinctive no will be 5000 to 5000 otherwise if we alloted share certificate with the distinctive no 4999 to 5000 it will include two share.
so, i have no doubt in this concern.
Charu Srivastava
(Company Secretary)
(4210 Points)
Replied 01 December 2011
Alloting 5000-5000 distinctive number represents Nil shares
and Distinctive number 4999-5000 represents one share not two.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 02 December 2011
yes 2 share certificates can be used and the distinctive number for 1 share would be 5000 only...
Syam kamal
(Company Secretary)
(156 Points)
Replied 02 December 2011
| Originally posted by : Charu Srivastava | ||
 |
Alloting 5000-5000 distinctive number represents Nil shares and Distinctive number 4999-5000 represents one share not two. |
 |
Alloting 5000-5000 distinctive number just means distinctive number 5000 which represents one share
Distinctive number 4999-5000 represents two shares not one (Distinctive no 4999 and Distinctive no 5000)
Smriti Dhawan
(Company Secretary )
(347 Points)
Replied 02 December 2011
Surbhi you are right alloting Distinctive No. 4999-5000 will represent 2 shares and allotment of Distinctive 5000-5000 means allotment of 1 shares.
Charu Srivastava
(Company Secretary)
(4210 Points)
Replied 02 December 2011
But in Normal practice i have not encountered any situation where distinctive number is 5000-5000..
will get back to you
CS Surbhi Bansal
(Self Employed)
(131 Points)
Replied 03 December 2011
Thanks Shyam Kamal & Ankur..........
Charu Srivastava
(Company Secretary)
(4210 Points)
Replied 03 December 2011
Yup Surbhi...
After having dicussed with my fellow members...i came to conclusion the distinctive number of 1 share will be 5000
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 03 December 2011
Thankyou Charu....
CAclubindia
