Number of joint holders

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Priya (Querist)
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18 July 2012 Dear Sir/ Mam

Is there any restriction on the number of joint holders that can register their names on purachse of a share or it could be any number of them.

Moreover, it the number of joint holders are 6, do we have to mention all the names on the share certificate to be issued?

Looking forward to your guidance.

Guest

Guest (Expert)

27 July 2012 Max. there are 3 joint holders.

Message likes : 1 times

Priya

Priya (Querist)
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27 July 2012 Thanks Neha for your response. But i guess you have answered for name on certificates?

What about the name for registration as members (being joint holders)

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Guest

Guest (Expert)

27 July 2012 Even a DP account cannot be opened by more than three person jointly

Priya

Priya (Querist)
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27 July 2012 Great. Thanks but where can i find a written statement for this.

Guest

Guest (Expert)

27 July 2012 Pls check this link :

http://www.lawnet.lk/docs/articles/international/HTML/ia10.html