Chsl share certificate

Roland Noronha (Querist) 06 August 2018 This query is : Resolved
Every member of the Society is holding a share certificate which is 50 X 5 = 250. Asper latest rules every member should hold 50 X 10= 500. How to issue this certificate. Do we have to issue another share certificate 50 X 5 =250 to make it 500 or advise the members to surrender old share certificate and issue a fresh certificate of 50 X 10 = 500 with a remark issued in lieu of old share certificate number........? Your advice will help us to take corrective action. Thanks
Roland Noronha

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Dr J C Vashista (Expert) 08 August 2018
What is the type of Society, not found mentioned in your statement?
What is type of share viz; basic share, equity share, capital share, preferential share etc?
Whether the policy of increased value of share certificate have been increased by orders, mandates or legislation?
Vague query and incomplete facts stated which can not be understood.
Consult a local prudent lawyer.

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