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What is a Balance Share Certificate? Meaning

What is a Balance Share Certificate?

Balance Share Certificate means a share certificate issued by the company to its shareholder (investor) for the balance number of shares held by him after selling/transferring a part of his shareholding.

The shareholder has to submit to the company its transfer request letter and securities transfer form along with the old share certificate(s) and other supporting documents to enable the company to process its request and issue balance share certificate.

Only after receipt of the above all documents, the company cancels the old certificate and issues fresh certificate (which is called as balance share certificate) for the balance number of shares.

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