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Can he / she open a single account for securities owned in different ownership patterns such as securities owned individually and securities owned along-with his /her wife/husband?

April 26, 2017account along-with different husband individually ownership patterns securities wife

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Can he / she open a single account for securities owned in different ownership patterns such as securities owned individually and securities owned along-with his /her wife/husband?

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• No. The demat account must be opened in the same ownership pattern in which the securities are held in the physical form e. g. if one share certificate is in his individual name and another certificate is jointly held in his and his wife’s name , two different accounts would have to be opened.