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Can addition or deletion of names of accountholders is permitted after opening the account?

April 26, 2017account accountholders addition deletion names opening permitted

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Can addition or deletion of names of accountholders is permitted after opening the account?

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No. The names of the account holders of a BO account cannot be changed. If any change has to be effected by addition or deletion, a new account has to be opened in the desired holding pattern (names) and then transfer the securities to the newly opened account. The old account may be closed.