Hello Everyone...............
Is it possible that one person transfer shares to two individual without spliting of shares. if so then please provide the required procedure.
Regards
nidhigoel89 (Company Secretary ) (594 Points)
26 December 2009Hello Everyone...............
Is it possible that one person transfer shares to two individual without spliting of shares. if so then please provide the required procedure.
Regards
Avika, ACS
(HR Legal and Management Consultant)
(172 Points)
Replied 26 December 2009
One person can transfer shares to many persons and there is no need to split the shares.
Only the share certificates would need to be split if the shares are held in physical form and in one certificate.
In case of shares held in dematerialised form, there is no problem.
Thanks & Regards,
Avika Kapoor
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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