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alifya (article clerk)     26 July 2010

Second name addition in share certificate

I am share holder of a public company. holding physical shares of the same company. problem encounter during dematerialisation is as follows :

1) Share certificate is in the name of first holder.

2) demat account in the name of first and second holder.

Problem : is the DP would only accept demateralisation reqest if both the names are mentioned on the physical certificate.

Tell me how to go about it ?

1) Does the dematerialisation require such an arrangement please quote the relevant act and section?

2) If the above is true then what is the procedure to add the name of the second holder name in the physical certificate.

 1 Replies

vishnu chavda

vishnu chavda (CS-Final Year Student)     27 July 2010

Dear alifya,

First of all transfer the shares in the name of First and second holder of Demat account by executing the Transfer Deed. Once transfer is done, the name of the second holder is added to the certificate. Then u can go for dematerialisation of shares.

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