Can a sole holder of the share certificate, add/delete any name as a joint holder, at the time of dematerialising the share certificate?
It is not possible to add or delete any name while dematerialising a share certificate. If the shares held in single name are intended to be held in any joint account, they have to be transferred to such names before they are dematerialised. Alternatively, such shares can be dematerialized first in the demat account in the single name and then transferred to the demat account in the joint names, or vice-versa, through an off-market transaction.
Related Questions
- Can a sole holder of the share certificate, add/delete any name as a joint holder, at the time of dematerialising the share certificate?
- Can a sole holder of the share certificates add one more name as a joint holder at the time of dematerialising the share certificates?
- Can a sole holder of the share certificates add one more name as a joint holder at the time of dematerialising his share certificates?
