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Share certificate face value


01 April 2016 mahendra Anandpara, Mumbai malad

Ours is a 100 member society and have adopted new model bye law 2014. Society is registered in 1976. Society has issued 5 shares of face value of rs. 50/- each to each member. Is there any change in this? Somebody inform us that now it should be rs. 100/- each kindly advice us.

Related to housing society bye-laws


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Comments (2)


  1. Societyhive support
    09 September 2016

    Dear Mahendra,

    Yes for new registration.

    Answer
  2. Shtikant
    22 January 2018

    In response to above comment, what does it mean by new registration? For our society which was formed in 2006 is it required to update face value of each share to rs 100? Under which bye laws is this rectification to ve done?
    If yes, Does it mean we need to collect additional rs 50 per share from members?

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