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Are the joint holders deemed to be nominees to the shares?

April 26, 2017deemed HOLDERS Joint nominees Shares

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Are the joint holders deemed to be nominees to the shares?

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Joint holders are not nominees; they are joint holders of the relevant shares having joint rights on the same. In the event of death of any one of the joint holders, the surviving joint holder(s) of the shares is / are the only person(s) recognised under law as holder(s) of the shares.