Splitting Of Share Of Certificate

Shares: Section 2(84) of Companies Act, 2013

Share means share capital of a Company and it includes stocks also. Share and Debentures are movable property, and they are freely transferable in the manner provided in the AOA of the Company.

Share Certificate:

Share Certificate is a document issued by a company indicating that the person named in the certificate is the owner of several shares specified by the company.

Share certificatesare issued under the common seal if any of the company and to be signed by two authorized directors or Director and company secretary (if any)

The period for issue of share certificates:

Procedure for Splitting of Share Certificate

Step 1: Shareholder will fileanApplication along with original share certificate to the Company regarding the splitting of share certificate into two or more share certificates. The application will include all details regarding the splitting of share certificates.

Step 2: After receiving an application from the shareholder, a Board resolutionto be passed by the company for the splitting of the share certificate.

Step 3: After receiving a majority of the vote,Board shall split the share certificates andissue New splitShare Certificates with their distinct folio number.

 Application for Splitting of share certificate

To,                                                                                                             Date:

The Board of Directors

…………………..(Name of the company)

……………………..(Address of the Company)

Subject: Issue of split share certification

Ref: Folio No.:

Dear Sirs/Ma’am,

I/We am/ are shareholder(s) M/s. ……………… having Folio No. ……………., request you to split the share certificate bearing share certificate No. ……………… comprising of …………… Equity Shares of Rs. ……………… each, the details of which is mentioned hereunder into ……(No of Share Certificate) Share Certificates of …………… and …………equity share(s) respectively.

Please find herewith, the Share Certificate surrendered for splitting as specified above. Please do the needful.

Yours faithfully

Enclosed: Share Certificate

_________________________            ________________                  _______________

Signature of the Shareholder(s)         1st Joint holder                         2nd Joint holder         

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Posted by:

CA Neetu Saini

AKGVG & Associates