Jumbo share certificates

suhasini B

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Jul 23, 2010, 4:02:25 AM7/23/10

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Dear Friends

As per the geenral meaning a Jumbo Share certificate is :

Jumbo certificate : A jumbo share certificate is a single composite share certificate formed by consolidating/aggregating a large number of market lots.

This is issued by the company favoring custodian of the shares and is used to reduce the problems of multiple share certificates for large trades.

My query is one of the shareholder who is holding jumbo share certificate has come to the company for split of share certificate and Company is willing to buy-back where as shareholder is not ready in the present scenario what is the recourse of the shareholder and company.

Thanks & Regards

Suhasini Ashok.B

Vivek Hegde

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Jul 23, 2010, 4:34:53 AM7/23/10

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Dear Member

The Company can not buy back its shares at its will. It has to comply with the provisions of the Act, SEBI, Listing agreement etc.

Shareholder has the right to get the split share certificates from the company as per the provision contained in the AOA.

(Hope i understood the query correctly..:))

Vivek

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CS Vivek Hegde,B.com, ACS, CWA
Company Secretary in Practice
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suhasini B

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Jul 23, 2010, 5:03:49 AM7/23/10

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Dear Sir

I fully agree with your views with regard to share certificates and rights of shareholders but what is the status if it pertains to a jumbo sharecertificate.

Regards

Suhasini

--- On Fri, 23/7/10, Vivek Hegde <vivekhe...@gmail.com> wrote:

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