Nidhi Jain (CS ) (987 Points)
19 January 2011Can any one tell me if an existing shareholder wants to add a joint holder with him what shall be the procedure for the same Thanks in advance
Best Regards
Nidhi jain
Jaideep
(Service)
(1368 Points)
Replied 19 January 2011
Hi Nidhi,
For adding joint name, the shareholder has to execute a transfer deed, duly stamped (0.25% of consideration) and submit the same to the Company’s R&TA for transfer. Such addition of name amounts to change in ownership of shares and the overall procedure for transfer has to be followed.
Regards
Jaideep Pandya
CAclubindia
