Companies Act Section 45 — Numbering of shares

Summary

Every share in a company that has a share capital must be marked with its own unique number to tell it apart from other shares.

However, this requirement does not apply to a share held by a person whose name is recorded as the beneficial owner of that share in the records of a depository.

Official Text

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.

Related Judgments

• COMMISSIONER OF INCOME TAX, COCHIN vs MRS. GRACE COLLIS AND ORS — Supreme Court of India (2001)
• NEEDLE INDUSTRIES (INDIA) LTD., & ORS. vs NEEDLE INDUSTRIES NEWEY (INDIA) HOLDING LTD. & ORS — Supreme Court of India (1981)
• SHRL SUNIL SLDDHARTHBHAL ETC vs COMMISSIONER OF INCOME TAX, AHMEDABAD ETC — Supreme Court of India (1985)
• COMMISSIONER OF INCOME TAX, GUJARAT-II, AHMEDABAD vs R. M. AMIN — Supreme Court of India (1976)