Hi everybody
Mr x and MrY (joint holder) deposited in fixed deposit of a company-In the fixed deposit application they have mentioned repayable to either or survivor. On the fixed deposit receipt given by the company it is mentioned not transferable-
Now Mr X is expired. Can Mr Y(Joint holder) ask the company to transfer deposit in the name of Mr. A(third party).
Mr Y wants to transfer the fixed deposit in the name of Mr A
Can the company transfer the fixed deposit in the name of Mr A?
regards
joseph david
CAclubindia
