login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

The name of a joint holder was included only for convenience by the first holder. I am the only heir. Could you transfer the shares in my name as per the will/probate?

mahindra-finance-author

by Mahindra Finance

|

July 21, 2023

|

1 mins read

As per law, the joint holder is deemed to be having indivisible ownership of the joint property and the Company cannot ascertain as to how or why the name was included. As per the Articles of Association of the Company, the surviving joint holders are the only persons recognised as having title to the shares.

Related articles

What Is Hypothecation? A Simple Guide For Beginners

Introduction Ever thought what is hypothecation and why it is essential for securing a loan? Hypothecation refers to the practice of pledging an asset as collateral for a loan without transferring own...

KNOW MORE

July 4, 2024

Top 5 Government Business Loan Schemes in India

Running a business requires a constant flow of funds, just like we need the right amount of food and nutrition to survive. While banks offer business loans, the Indian government has also taken effect...

KNOW MORE

April 10, 2024

The First-Time Car Buyer’s Guide To Choosing A Car Loan In India

Introduction Buying your first car is an exciting milestone, but it can also be overwhelming, especially when it comes to financing options. With countless lenders and loan choices available in India,...

KNOW MORE

May 13, 2024