Procedure to be followed for splitting of the share certificates 1.

Request for splitting of the share certificates should be accompanied by the original share certificates in lieu whereof the company will issue split share certificates. 2. Unlisted company may charge such fee, if any, not exceeding Rs. 2 per certificate issued on splitting of share certificates, as the Board thinks fit. Rule !"2#$ %. &f company is listed no charges for splitting of share certificates shall be le'ied by the company. Rule ( of the )isting *greement$ !. +old a share transfer committee meeting of the Board of ,irectors and take the proposal of issuing split share certificates to that meeting for appro'al and also for affixing common seal on the new share certificates which are to be issued in lieu of the share certificates surrendered to the company. -. *ffix the common seal of the company on the new share certificates in the presence of two directors and the secretary of the company, if any, or some other person appointed by the Board for the purpose in accordance with Rule . of the /hare 0ertificate Rules. .. /hare certificate shall state on the face of it and against the stub or counterfoil to the effect that it is 1 &ssued in lieu of share certificate 2o . ........... /ub3di'ided.1 4. 5articulars of e'ery share certificate issued shall be entered in a Register of Renewed and ,uplicate 0ertificate indicating against the name"s# of the person"s# to whom the certificate is issued, the number and date of issue of the share certificate in lieu of which the new certificate is issued, and the necessary changes indicated in the Register of 6embers by suitable cross references in the 1Remarks1 column. (. *ll entries made in the Register of Renewed and ,uplicate 0ertificate shall be authenticated by the secretary or such other person as may be appointed by the Board for purposes of sealing and signing the share certificate. Rule 4$ Procedure to be followed for consolidation/sub-division of shares 1. 0heck if sub3di'ision of shares is permitted by the *rticles of *ssociation7 2. 0all a Board meeting to consider sub3di'ision of shares and to fix the date, time and place for calling the 8eneral meeting7 %. /end intimation about sub3di'ision of shares and holding of 8eneral meeting to the /tock 9xchange immediately after the Board 6eeting7 !. &ssue notice at least twenty3one days before the date of the 8eneral meeting with suitable 9xplanatory /tatement to all the shareholders and /tock 9xchange"s#7 -. *t least twenty3one days before the 8eneral meeting publish a notice in leading newspapers7 .. +old 8eneral meeting and pass the required resolution7 "*ppendices 12 and 1%# 4. /end copy of the proceedings of the 8eneral meeting to the /tock 9xchange7 (. :ile the resolution with the 60* in e3:orm 2% and e3:orm - for notice of sub3 di'ision of shares7 ;. 0all a Board meeting to fix the Record ,ate for the purpose of sub3di'ision of shares7 1<. /end ad'ance intimation to the /tock 9xchange for holding a Board meeting to fix a Record ,ate for the purpose of sub3di'ision of shares7 11. =btain /tock 9xchange appro'al for printing of new share certificate consequent to sub3di'ision of shares7 12. &n case of shares held in physical form, if the company decides to dispatch new share certificate without surrender of old share certificate, then intimation to that effect be sent to the /tock 9xchange7

1%. +old a Board meeting and fix a Record ,ate in consultation with the /tock 9xchange for the purpose of sub3di'ision of intimation to /tock 9xchange"s#, ,epositories "2/,)>0,/)# about the Record date for the purpose of sub3 di'ision of shares7 1!. Based on the Record date the /tock 9xchange fixes a ?2o ,eli'ery period@ and accordingly issues a 2otice to its 6embers. =btain a copy of the 2otice fixing the ?2o ,eli'ery period@ to be submitted to the ,epository7 1-. &n terms of ,epository Business Rules, the company to pro'ide an option to the shareholders to be allotted securities either in physical or electronic form7 1.. ,ownload data on any gi'en date prior to Record ,ate to ascertain the shareholders eligible to recei'e the shares in ,emat form7 14. 0orporate *ction on account of sub3di'ision of shares will result in the creation of new &/&2 and hence send request letter to 2/,) to generate a new &/&27 1(. /end request letter to ,epositories for &/&2 deacti'ation>acti'ation as on the Record ,ate7 between the amount paid and the amount, if any, unpaid on each reduced share shall be the same 1;. as it was in the case of the shares from which the reduced share is deri'ed7 2<. Reconcile the capital held in ,emat and 5hysical form as on the Record ,ate7 21. :ile 0orporate *ction :orm with the respecti'e ,epository and pay the requisite charges based on the number of records along with a copy of 2otice published by 9xchange for ?2o ,eli'ery 5eriod@7 22. /ub3di'ision of shares is defined as system built corporate action and hence on compliance of all the formalities pertaining to the 0orporate *ction, the ,epository shall automatically debit the account of the respecti'e beneficiary with the shares of the face 'alue of Rs.1< "'alue assumed# and credit the account with the face 'alue of Rs.2 "'alue assumed# under the new &/&2 at the end of day, being the day subsequent to the Record ,ate7 2%. =n corporate action on account of sub3di'ision of shares, the status of the beneficiary does not change, that is to say, tax status, bank details, lock3in details etc. does not change. &t is only ,epository 5articipant ",5# who can update the changes in the beneficial owners@ account7 2!. Re'iew all ?/top Aransfer@ cases prior to printing of new share certificates7 2-. 8enerate fresh ,istincti'e numbers consequent to sub3di'ision of shares. &t is ad'isable to create a range of ,istincti'e numbers for the shares held in ,96*A and 5hysical form7 2.. 5rint the share certificates to be issued in 5hysical mode and maintain a Register with cross reference of 2ew>=ld :olio>0ertificate>,istincti'e 2os.7 24. 2o stamp duty is payable on sub3di'ision of shares. &t is ad'isable to make a cross reference of old share certificate on the new share certificate, e.g. B&//U9, &2 )&9U =: /+*R9 09RA&:&0*A9 2= ....................C =R B&//U9, 0=2/9DU92A A= /UB3,&E&/&=2 =: /+*R9/C.