A person holds shares singly as well as jointly
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2014
Its urgent.
my question is - In a Pvt. Ltd. Co. -
Mr. A holds 10 shares - singly
Mr. A holds 90 shares jointly with Mr. B (as Mr. A is first holder)
Both shareholdings have seperate folio.
Now the question is whether in this case, members will be treated as one or as two.
my question is - In a Pvt. Ltd. Co. -
Mr. A holds 10 shares - singly
Mr. A holds 90 shares jointly with Mr. B (as Mr. A is first holder)
Both shareholdings have seperate folio.
Now the question is whether in this case, members will be treated as one or as two.
Ankur Garg
(Expert)
24 September 2014
There are 2 shareholders in your Company:
1. Mr. A holding 10 shares.
2. Mr. A and B holding 90 shares.
Joint shareholders are treated as 1 shareholder. Also refer the provisions of your articles.
Thanks
1. Mr. A holding 10 shares.
2. Mr. A and B holding 90 shares.
Joint shareholders are treated as 1 shareholder. Also refer the provisions of your articles.
Thanks
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