Companies Act Section 45 — Numbering of shares

CHAPTER IV SHARE CAPITAL AND DEBENTURES

Commercial / Corporate

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.