Joint Holders

What is Joint Holders.?

A joint holders share is one that can be held jointly or in collaboration. In the application for new issue, a maximum of three persons can apply collectively – even though the company will be liable to send dividends and correspond to only the first holder.
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While inking the deed of transfer following a sale of shares, all joint holder are mandatorily required to sign the documents (not just the first holder). Their signatures should align in the same order in which the individual are eligible to claim deductions on the account of dividend interest (the first holder).

In case the first holder dies, the second holder, upon submission of an attested copy of the death certificate, is made the beneficiary. Similarly, in such a scenario, the third holder advanced a step further into being the second holder.

Edited and Updated 15th February 2014

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