NPV SHARE CERTIFICATES

[Benita Cameron]

Good day

I need to confirm if we need to put the value of the shares on the No Par Value share certificates iro a private company.

Thank you

[Andromeda]

Hi Benita

Yes you do, it is a proceed.

[Benita Cameron]

Hi Andromeda

Thank you for your feedback.

Do you perhaps have anything in print to substantiate this?

Thank you

Benita

[Andromeda]

Actually Benita my response is wrong.

The proceed received by the company is only required in the Securities Register, not on the actual share certificate. See Sec (32(1)(b)(iii) of the Companies Regulations, 2011.

[Benita Cameron]

Thank you so much Andromeda!