What is a balance certificate?

A balance certificate is a document issued by a company to record and confirm the remaining shares owned by a shareholder after a transfer or allotment of shares. It reflects the shareholder's updated shareholding, typically following the partial transfer or issuance of shares. This certificate does not represent a new allocation of shares but rather serves to show the updated balance of shares that the shareholder continues to hold after a change in ownership.

Updated on: 24/04/2025