Results 1 to 5 of 5

Thread: NPV SHARE CERTIFICATES

  1. #1
    New Member
    Join Date
    Jan 2020
    Location
    Randpark Ridge
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts

    NPV SHARE CERTIFICATES

    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

  2. #2
    Gold Member
    Join Date
    Feb 2016
    Location
    Johannesburg
    Posts
    713
    Thanks
    74
    Thanked 199 Times in 178 Posts
    Hi Benita

    Yes you do, it is a proceed.

  3. #3
    New Member
    Join Date
    Jan 2020
    Location
    Randpark Ridge
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts

    NPV Share Certificates

    Hi Andromeda

    Thank you for your feedback.

    Do you perhaps have anything in print to substantiate this?

    Thank you

    Benita

  4. #4
    Gold Member
    Join Date
    Feb 2016
    Location
    Johannesburg
    Posts
    713
    Thanks
    74
    Thanked 199 Times in 178 Posts
    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.

  5. #5
    New Member
    Join Date
    Jan 2020
    Location
    Randpark Ridge
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Thank you so much Andromeda!

Similar Threads

  1. [Question] Share Certificates
    By JustMe in forum Accounting Forum
    Replies: 3
    Last Post: 14-Jun-18, 03:54 PM
  2. Replies: 14
    Last Post: 05-Jul-17, 07:22 AM
  3. Replies: 5
    Last Post: 17-Mar-17, 10:09 AM
  4. Replies: 2
    Last Post: 14-Jul-15, 08:11 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •