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High-Quality Guidance For Share Certificates In Bangladesh
If you own shares in a company in Bangladesh, you will be handed a share certificate as proof of ownership. All shareholders receive share certificates from the corporation. The number of shares issued by the corporation and the date they were issued will be listed on a share certificate. Share certificates can only be issued by private limited companies. If a company is publicly listed, electronic share certificates will be issued and transferred to the CDP account of the shareholder.
In Bangladesh, share certificates are issued by the Company Secretary. The Company Secretary is in charge of the company’s compliance in all aspects. Each certificate has a unique number that is kept in the records of the registrar or members. The certifications must also be signed by two directors. If a company only has one director, both the director and the Company Secretary must sign the certificate.
Get 7 Key information on a share certificate
A share certificate is a written document signed on behalf of a corporation that acts as legal evidence of ownership of the specified number of shares. A stock certificate is another name for a share certificate. A share certificate is given to shareholders who purchase shares in a firm that is listed on the stock exchange. The share certificate serves as proof of purchase and ownership of firm stock. The document attests to the registered owner of shares as of a specific date.
- Number of the certificate
- Name of the business and its registration number
- Name and address of the shareholder
- The total number of shares owned
- Shares of a certain type
- Shares were first issued on this date.
- Amount paid on the shares (or treated as paid)
Our Expert Consultant Assists You In Issuing Shares Of A Private Company Legally
A business institution’s legal adviser generally issues new company shares. Later Shares can be issued at any stage after a Private Limited Company is formed. To issue shares in Bangladesh, a company’s legal adviser must follow certain laws and procedures. The actions to follow while issuing shares are as follows:
Issuing New Shares:
1. Look up a company’s authorized capital and paid-up capital in the Memorandum and Articles of Association. A firm may issue shares with the same value as its paid-up capital.
2. Create a Share Certificate Book that contains the information listed below for each share certificate.
A. No. of Certificate
B. Count of Shares
C. Capital that has been authorized and paid-up
D. The holder’s name and address
F. Numbers that stand out
G. Directors’ Signatures
H. The list of transfers from the transferor to transferee will be on the other side of the certificate.
3. Complete all of the information on a share certificate and have directors or authorized directors sign it.
4. Label the revenue stamp with the company’s name and seal it.
5. It requires an ambush seal or a common seal to be considered a share of that corporation.
6. Register the shares in the company’s Share Register Book and maintain it in custody for future share transfers.
7. Finally, hand over the share certificate to the stockholder.
Issuing Shares Later:
1. Look up a company’s authorized capital and paid-up capital in the Memorandum and Articles of Association. A firm may issue shares with the same value as its paid-up capital. See the company’s Board Resolution authorizing the issuance of new shares.
2. Bring your Share Certificate Book and a blank share certificate to fill up with the appropriate information and have the Directors sign it.
3. Attach a revenue stamp to it, then seal it with a general seal and an Ambush seal or a common seal.
4. Register your shares using your Share Register Book.
5. Finally, hand over the share certificate to the shareholder.
Issuing Preference Shares:
1. Look up a company’s authorized capital and paid-up capital in the Memorandum and Articles of Association. A firm may issue shares with the same value as its paid-up capital. See the company’s Board Resolution authorizing the issuance of preference shares.
2. Create a special Share Certificate with some additional words in addition to those on the normal Share Certificate, and mention it after the Authorized and Paid-up Capital.
3. Fill up the Share certificate, get the directors’ signatures, attach a non-judicial revenue stamp, and seal it with the general seal and ambush or common seal.
4. Create a new Share Register Book for preference shares and enter the information in it.
5. Now give the Preference Share Certificate to the shareholder who owns the preference shares.
FAQ For Share Certificate in Bangladesh
1. What are the costs associated with Name Clearance?
- For NC clearance, each proposed name will cost BDT 100.00.
- For time extensions, the fee is BDT 100.00 per application.
2. What is Certified Copy Issuance?
3. What is the best way for me to submit my applications/returns?
i. Using RJSC’s kiosks (also known as a “Online Submission”), or ii. Manual Submission at RJSC
4. What document(s) do I need to submit with my annual returns?
- Balance Sheet: within 30 days of the AGM, a balance sheet must be filed.
iii. Profit & Loss Account: must be filed within 30 days of the Annual General Meeting.
- Form 23B – Auditor’s Notice: This form must be filed within 30 days of receiving appointment information from the company [Section 210 (2)].