If a shareholder transfers part of their holding they will require a balance share certificate.
The below example shows what is required.
1. At outset Wilma Flintstone owns 100 shares.
2. She transfers 40 shares to Barney Rubble and will retain 60.
How do I transfer shares to an individual?
How do I transfer shares to joint shareholders?
Before the company processed the transfer, Wilma should have provided them with a completed stock transfer form and her original certificate for 100 shares.
The company will then:
1. Cancel the original certificate for 100 shares;
2. Provide Barney a share certificate for his new holding of 40 shares; and
3. Provide Wilma a balance certificate for 60 shares;
3. Inform Direct makes all this straightforward to record. At the end of the transfer process you will have the option to 'Produce certificate'. This will populate the next share certificate with the details of the new shareholder.
4. You have the opportunity to review the details. You can edit the share certificate number if you like.
5. If you are happy that the details are correct, select 'Add new share certificate'. You can now see a share certificate for Barney.
6. You will then need to cancel the certificate from which the part sale is being made.
How do I delete or cancel a share certificate?
7. Then click 'Add new share certificate' to record the 60 shares still owned by Wilma.
How do I create a share certificate?
When you are ready to print the new certificates simply click on the pencil icon opposite the shareholder(s) name.