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holding of share

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(Querist)
21 December 2009 Is it possible that more than 2 person can hold share in joint name, is there any restruction of no. of person.
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Rasesh

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Rasesh (Expert)
22 December 2009 Yes. There is no restriction for the number of joint holders. However, the company by way of its articles may restrict the number of joint holders.
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CS Snehal

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CS Snehal (Expert)
22 December 2009 There is no restriction as such on thenumber of joint holders, but as per good practice the company generally keeps upto 2 joint holders.
Later on the process' of transfers, transmissions, etc becomes very tedious.

So, the Company also takes care on their side.
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Rafiullah

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Rafiullah (Querist)
23 December 2009 tahns mr. shah and snehal
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