Section 45 · Chapter IV, Share Capital and Debentures
Numbering of shares
📚 Law Minded summary
Every share must carry its own distinctive number, so one can be told apart from another.
The exception is shares held in electronic form with a depository — there, the depository's records do the identifying, so numbering is not required.
Section 45. Numbering of shares
Every share in a company having a share capital shall be distinguished by its distinctive number: Provided that nothing in this section shall apply to a share held by a person whose name is entered as holder of beneficial interest in such share in the records of a depository.