Can I open an account in a single name for shares held in joint combination of names?
No. The demat account must be opened in the same combination in which the securities are held in the physical form. E.g.; if one share certificate is in the Joint name of Mr. A & Mr. B and another certificate is in the sole name of Mr.A, two demat accounts will have to be opened , one in the joint name of Mr. A & Mr. B and another in the sole name of Mr. A. However if A & B hold a demat account and if the certificates are in the names of B & A, the shares can be dematerialized in the demat account of A & B. * Also refer to “Transposition” for more details.
