consolidation of shares and its Noting

[shilpa jain]

hiii all,
I have few queries,
1)Is there any time restriction on the Consolidation of Share
certificates of A company, like company consolidate its old share
certificates by cancelling them on 21.12.2009 and further on request
of SHs, again wants to consolidate its shares in January, 2011 with
the effects of name change of the company consequent upon conversion
from Private to Public Limited.

2) If Company can consolidate its shares then what distinctive Nos. we
will mention in new consolidated Share certificates issued in January,
2011,
All Distinctive Nos. of Old Consolidated Share Certificate issued on
21.12.2009 and further Issue of shares.

3) How we will note this in Statutory registers

4) How we will not a Bonus issue in Statutory Registers like on page
APPLICATION FOR AND ALLOTMENT OF SHARES
what we write in No. of Application Column in both cases.
Thanks in Advance

--
CS SHILPA SOGANI
B.COM(HONS.), M.COM, ACS, LLB(P)
+ 91-94140 44880

[VIKAS GUPTA]

Hi Shilpa,

I think there is no restriction on consolidation of share certificate. You can consolidate and cancel the previous share certificate.

In case, you consolidate your share certificate then the distincive number remains same and you can attached the distinctive share number list along with new share certificate issued to shareholder.

In this, new number of share certificate will be issued but the distinctive number remains same.

 

Please correct me if I am wrong...

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THANKYOU
CS VIKAS GUPTA
Company Secretary
Shree Krishna Paper Mills & Industries Ltd.
vikas...@skpmil.com
9953620278

[SrikanthReddyKolli CS]

hi

but if the allotment dates are different i think you cannot
consolidate them to issue one share certificate for shares allotted on
different dates

correct me if i am wrong

srikanthreddy
9618144661

[B Parasuram]

There is no restriction on consoldation of share certficate. But Pls
make a noting in the Consoldiated share certificate that it is isssued
in lieu of Share certificate Nos............

The distincitve numbers are the same as was earlier. Only the New
Share certificate number would be different.
Even if the allotment dates of the old shares were different, we can
consoldiate the share certificates and issue a single share
certificate.

Regards,
B Parasuram
Company Secretary
Fidelity Business Services India Pvt Ltd.,
Bangalore

> > B.COM <http://b.com/>(HONS.), M.COM <http://m.com/>, ACS, LLB(P)
> >+ 91-94140 44880begin_of_the_skype_highlighting              + 91-94140 44880      end_of_the_skype_highlighting

>
> > --
> > Find eNewsletters of ICSI Mysore at:
> >http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> >www.esnips.com/web/icsimysore
>
> > You received this message as you are subscriber. To unsubscribe email to:
> > csmysore-u...@googlegroups.com
>
> --
> THANKYOU
> CS VIKAS GUPTA
> Company Secretary
> Shree Krishna Paper Mills & Industries Ltd.

> vikas.gu...@skpmil.com
> 9953620278- Hide quoted text -
>
> - Show quoted text -

[shilpa jain]

thank u Parasuram ji,
further plz also guide me in the matter of conversion of the Company.
can I consolidate all the old Share certificates of XYZ Private ltd.
company in new name of XYZ Limited Company.
I wanna know that is consolidation of old share certifiactes, which
are orignally issued in a Pvt limitd Company is possible in a Limited
COmpany with the new Name after Conversion of Company's Status from
private to public
i.e by issuing new Share Certificate in the way:

XYZ LImited Company
(Formerly Known as XYZ Private Limited)
(Incorported under The Companies Act, 1956)

and is thier any restriction under any SEBI law, Guidelines, or any
other Law for this action as the Company is planning for an IPO in
near future.Can it be a base to reject the red-herring
prospectus.

--

[shilpa jain]

thank u Parasuram ji,
further plz also guide me in the matter of conversion of the Company.
can I consolidate all the old Share certificates of XYZ Private ltd.
company in new name of XYZ Limited Company.
I wanna know that is consolidation of old share certifiactes, which
are orignally issued in a Pvt limitd Company is possible in a Limited
COmpany with the new Name after Conversion of Company's Status from
private to public
i.e by issuing new Share Certificate in the way:

XYZ LImited Company
(Formerly Known as XYZ Private Limited)
(Incorported under The Companies Act, 1956)

and is thier any restriction under any SEBI law, Guidelines, or any
other Law for this action as the Company is planning for an IPO in

near future.Can it will be a base to reject the red-herring
prospectus.

Thanks & Regards

On 2/5/11, B Parasuram <bparasu...@gmail.com> wrote:

--

[VIKAS GUPTA]

Hi Shilpa,

I think you do one thing first issue new share certificate in the name of public company and then do these procedure as specified above.

In other words, change the name or nature of the Company first...

vikas...@skpmil.com
9953620278

[shilpa jain]

but our COmpanies Directors want to go for Consolidation first and
after that for Dematerlisation of Shares.and After that for further
allotment of Sahres to promoters.

>> >> > B.COM <http://b.com/> <http://b.com/>(HONS.), M.COM <http://m.com/> <

[prem Tripathy]

Dear Shilpa,
There is no restriction for consolidating th shares as per ur query, u can do this.

With regards
Prem

[VIKAS GUPTA]

If you do not convert it in Public Company yet then go for consolidating and so on....

[shilpa jain]

The COmpany is already been Converted into Public Limited Company.

>> >> >> > B.COM <http://b.com/> <http://b.com/> <http://b.com/>(HONS.),

[vickyp...@gmail.com]

Now you have converted it in to public company but share certificates are in the name of private company..
In this case i think you have to conduct a BM in private company back dated for noting of consolidation of shares...
After that convert those shares cerrtificate into public company....

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