Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can a depository account be opened with four holders names?

April 26, 2017account Depository names opened

0

Posted

Can a depository account be opened with four holders names?

3 Answers

0

Posted

Yes, a depository account can be opened in the names of four holders but the account can be operated only for demateralisation of shares held in the same combination. No shares can be credited by purchase or transferred from any other account.

0

Posted

Yes, a depository account can be opened in the names of four holders but the account can be operated only for demateralisation of shares held in the same combination. No shares can be credited by purchase or transferred from any other account. Hence the standing instruction for credits will be ‘N’ for such accounts.

0

Posted

Yes, a depository account can be opened in the names of four holders but the account can be operated only for dematerialization of shares held in the same combination. No shares can be credited by purchase or transferred from any other account.