{"id":1522,"date":"2021-04-16T06:28:24","date_gmt":"2021-04-16T06:28:24","guid":{"rendered":"https:\/\/www.akgvg.com\/blog\/?p=1522"},"modified":"2026-01-08T14:33:17","modified_gmt":"2026-01-08T09:03:17","slug":"splitting-of-share-of-certificate","status":"publish","type":"post","link":"https:\/\/www.akgvg.com\/blog\/splitting-of-share-of-certificate\/","title":{"rendered":"Splitting Of Share Of Certificate"},"content":{"rendered":"\r\n\r\n\r\n

Shares: Section 2(84) of Companies Act, 2013<\/strong><\/p>\r\n\r\n\r\n\r\n

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.<\/p>\r\n\r\n\r\n\r\n

Share Certificate:<\/strong><\/p>\r\n\r\n\r\n\r\n

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.<\/p>\r\n\r\n\r\n\r\n

Share certificates are 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)<\/p>\r\n\r\n\r\n\r\n

The period for issue of share certificates:<\/u><\/strong><\/p>\r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n
In case of Incorporation:<\/td>\r\nWithin2 months from the date of Incorporation to the subscriber of Memorandum. \u00a0<\/td>\r\n<\/tr>\r\n
In case of Allotment:<\/td>\r\nWithin 2 Months from the date of allotment of shares.<\/td>\r\n<\/tr>\r\n
In case of Transfer:<\/td>\r\nWithin1 Month from the date of receipt of the instrument of Transfer by the Company<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n

Procedure for Splitting of Share Certificate<\/u><\/strong><\/p>\r\n\r\n\r\n\r\n

Step 1:<\/strong> Shareholder will file an Application 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.<\/p>\r\n\r\n\r\n\r\n

Step 2:<\/strong> After receiving an application from the shareholder, a Board resolution to be passed by the company for the splitting of the share certificate.<\/p>\r\n\r\n\r\n\r\n

Step 3:<\/strong> After receiving a majority of the vote, Board shall split the share certificates and issue New split Share Certificates with their distinct folio number.<\/p>\r\n\r\n\r\n\r\n

Application for Splitting of share certificate<\/u><\/strong><\/p>\r\n\r\n\r\n\r\n

To,\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Date:<\/p>\r\n\r\n\r\n\r\n

The Board of Directors<\/p>\r\n\r\n\r\n\r\n

\u2026\u2026\u2026\u2026\u2026\u2026\u2026..(Name of the company)<\/p>\r\n\r\n\r\n\r\n

\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026..(Address of the Company)<\/p>\r\n\r\n\r\n\r\n

Subject: Issue of split share certification<\/p>\r\n\r\n\r\n\r\n

Ref: Folio No.:<\/p>\r\n\r\n\r\n\r\n

Dear Sirs\/Ma\u2019am,<\/p>\r\n\r\n\r\n\r\n

I\/We am\/ are shareholder(s) M\/s. \u2026\u2026\u2026\u2026\u2026\u2026 having Folio No. \u2026\u2026\u2026\u2026\u2026., request you to split the share certificate bearing share certificate No. \u2026\u2026\u2026\u2026\u2026\u2026 comprising of \u2026\u2026\u2026\u2026\u2026 Equity Shares of Rs. \u2026\u2026\u2026\u2026\u2026\u2026 each, the details of which is mentioned hereunder into \u2026\u2026(No of Share Certificate) Share Certificates of \u2026\u2026\u2026\u2026\u2026 and \u2026\u2026\u2026\u2026equity share(s) respectively.<\/p>\r\n\r\n\r\n\r\n

\"\"<\/figure>\r\n\r\n\r\n\r\n

Please find herewith, the Share Certificate surrendered for splitting as specified above. Please do the needful.<\/p>\r\n\r\n\r\n\r\n

Yours faithfully<\/p>\r\n\r\n\r\n\r\n

Enclosed: Share Certificate<\/p>\r\n\r\n\r\n\r\n

_________________________\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ________________\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 _______________<\/p>\r\n\r\n\r\n\r\n

Signature of the Shareholder(s)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1st Joint holder\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2nd Joint holder<\/p>\r\n\r\n\r\n\r\n

This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise. AKGVG & Associates<\/a> does not intend to advertise its services through this.<\/strong><\/p>\r\n\r\n\r\n\r\n

Posted by:<\/p>\r\n\r\n\r\n\r\n

CA Neetu Saini<\/p>\r\n\r\n\r\n\r\n

AKGVG & Associates<\/p>\r\n","protected":false},"excerpt":{"rendered":"

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…<\/p>\n","protected":false},"author":1,"featured_media":1524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120],"tags":[323,343,469,473,277],"class_list":["post-1522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-secretarial-services","tag-akgvg","tag-akgvg-associates","tag-secretarial-audit","tag-secretarial-service","tag-secretarial-support"],"_links":{"self":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/comments?post=1522"}],"version-history":[{"count":3,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1522\/revisions"}],"predecessor-version":[{"id":6681,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/1522\/revisions\/6681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media\/1524"}],"wp:attachment":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media?parent=1522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/categories?post=1522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/tags?post=1522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}