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.
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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