[CSMysore] consolidation of share certificates

[yoganand l]

the company is an unlisted company.

 

the company has got a request from a shareholder for consolidation of share certificates

he has got 50 certificates with him

the distinctive numbers given in the certificate are different and are not in continuation

 

so how will the company issue a consolidate certificate with different disticntive numbers

can some one help me in issuing a consolidate certificate pls.

 

regards,

yogan.

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[madhwesh acharya]

Dear Mr. Yogan,

 

I presume the shareholder has given request for consolidating his share certificates.

 

As you know, on each share certificate, the distinctive number will be written. Basically, Share Certificate number and Distinctive Numbers are different. By changing the share certificate number, the distinctive number wont change.

 

Lets take your example:

 

Share certificate No. 12: Distinctive Numbers 101 - 105 - No. of shares 5

Share certificate No. 15: Distinctive Numbers 116 - 120- No. of shares 5

Share certificate No. 18: Distinctive Numbers 131 - 135 - No. of shares 5

 

The last certificate number of the company would be 20,000.

In this case, for consolidating the aforesaid 3 certificates, first the company should cancel the old share certificates (No. 12, 15 and 18) by writing a remark "canceled due to consolidation on ____" and then issue a new share certificate with No. 20,001. In the new share certificate No. 20,001, you should write all the distinctive numbers (not continuously) 101-105, 116-120, 131-135 and in the total shares "15" will be written.

 

If any other practice is followed by fellow group members, the same may be shared for improvising my practise as stated above.

 

 

So, if the above certificates have to be consolidated

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Regards,
Madhwesh K
Company Secretary
Bangalore
9980672126