Joint holding

This query is : Resolved

CA Sumat Singhal (Querist)
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06 October 2011 A and B were jointly holding shares in company Wood Limited,
a listed company. A died and B applied for the deletion of Ram’s name in respect of the joint holding. The Articles of Association of Wood Limited contained an Article on the lines of Regulation 25 of Table A appended to the Companies Act, 1956. The company refused to comply with the request of B.
Can Wood Limited do so?

U S Sharma

U S Sharma (Expert)
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06 October 2011 get in touch with registrar of company and ask for suitable steps, in absence B has to move to district court for succession certificate in his name for such shares.