Section 45 of the Companies Act, 2013
Section 45 of the Companies Act, 2013 deals with the Numbering of Shares.
📘 Section 45 – Numbering of Shares
Key Provision:
Every share in a company must be distinguished by its appropriate number,
except:
In the case of shares held with a depository (i.e., in dematerialized form).
📝 In Simple Words:
Normally, each physical share certificate must have a unique number for identification.
But when shares are held in demat form, they do not need to be numbered because the depository maintains electronic records.
✅ Example:
If a company issues 1,000 physical shares, each will be numbered (e.g., 1 to 1,000).
If shares are in demat, numbering is not required.
RELATED Blog
0 comments