When an individual or prospects are willing to purchase share of a bank and the underwriters are ready to issue the shares, public offering is made. This process involves various work from setting the duration for the application to be accepted to providing information about possible share division to all applicant.
After receiving application from all interested people, appropriate process is implemented to determine the percentage of share to be given to all applicant.
Then comes verification part. If the share holder is not interested to sell his or her share, then they can simply hold the share certificate and receive dividend. But if the share holder is interested to sell his or her share then verification of the share certificate is necessary to sell the share.
For the verification, an application is to filled with detail information.
A Share verification application. |
Proper information should be provided and the signature should be clearly signed. Two of these forms should be filled and presented to the registrar of the bank. They will check the detail and verify your certificate is everything is fine. Then you will have a verified share certificate which can be easily traded in the market.
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