No. of shareholders

Dear Dipesh,

In case of HUF, the shares can be registered in the name of 'A' as Karta of HUF.

Vickers System International Ltd. v. Mahesh P. Keshwani (1992) 73 Com Cases 317: (1991) 2
Comp LJ 444 (CLB). Transfer of shares by HUF Section 108 [Corresponds to section 56 of the
Companies Act, 2013] enables the execution of a transfer deed by or on behalf of the transferor or
the transferee. In the case of a joint family, the transfer form would be executed by the holding
member or, in his absence, by the manager (Karta) of the family who represents the family. The
same would be true when the family is transferee. The CLB directed the company to register shares
in the name of the Hindu undivided family showing Mahesh P. Keshwani as its Karta.

If he holds shares (as personal capacity and not for HUF purpose) than it count different from his hold as a karta.

Regards,

Kalpesh

thanks for the reply