In a Public company, shares in joint name (husband & Wife), in which husband expired.
Wife gives shares for transmission to her name. Is it mandatory to open a Demat account and then transmit?
Please guide me
Menu
TRANSMISSION OF SHARES IN A PUBLIC COMPANY
Replies (1)
Opening of D mat account is not mandatory if shares are held in physical form. u can apply to company's share transfer agents to transmit physical held shares
however if shares are in D mat account then it becomes necessary to open d mat account instead of converting d mat shares into physical form and then transmitting it
however if shares are in D mat account then it becomes necessary to open d mat account instead of converting d mat shares into physical form and then transmitting it
Recent Threads
- FCN ( Financial Credit Notes) Treatement in Books
- Indemnity bond notarization for Income Tax (NRI ou
- GST - RCM - for Commercial Building Rent
- Exemption from Penalty for delayed Board meeting
- TDS ON PROFESSIONAL FEES IN NON AUDIT CASE
- Penalty are applicable on short payment of GST
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
Related Threads
CAclubindia
