How are shares numbered?

It is one of the equal fractional parts into which the share capital of the company is divided. For example, if the company issued 5 lakh shares, then those 5 lakh shares will be serially numbered. If someone buys 100 shares, then their distinctive numbers show from which number to which serial they bought.

Under which system the securities are identified by distinctive numbers?

1. Share capital reconciliation of the entire issued capital of the company by the issuer or its agent is a mandatory requirement under Regulation 55 of the SEBI (Depositories & Participants) Regulations, 1996.

What is issued by company in physical form and is identified by distinctive numbers?

In physical certificates, the unique distinctive numbers are used to identify the number and serial order of shares with the folio number of the holder. These shares are fungible, which means that all the holdings of a particular security will be identical and interchangeable.

What is distinctive number?

Distinctive numbers are for each share. Say if you have paid-up capital of Rs 100000/- divided into 10000 shares of Rs 10 each, then your distinctive number will start from 1 to 10000 (both inclusive). If face value is Rs 100/- then distinctive number will be from 1 to 1000 (both inclusive) and so on.

Which section deals with distinctive number of shares?

Section 45
Numbering of shares. Every share in a company having a share capital shall be distinguished by its distinctive number: Provided that nothing in this section shall apply to a share held by a person whose name is entered as holder of beneficial interest in such share in the records of a depository.

Do demat shares have distinctive numbers?

Do dematerialised shares have distinctive numbers? Dematerialised shares do not have any distinctive numbers. These shares are fungible, which means that all the holdings of a particular security will be identical and interchangeable.