Can a sole holder of the share certificates add one more name as a joint holder at the time of dematerialising his share certificates?
No. However, if the investor wants to transfer the ownership from his individual name to joint name, he should first open an account as the sole holder (account A) and dematerialise the share certificates. He/she should then open another depository account. (account B) in which he/she is the first holder and the other person is the second holder and make an off market transfer of the shares from the account A to account B. The investor will incur a charge on this transaction. Alternatively, the certificates can be transferred to the joint ownership and then sent for dematerialisation.
Related Questions
- Can I as a sole holder of the share certificates add one more name as a joint holder at the time of dematerialising share certificates?
- 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?
