Swaroop Godbole (advocate) 03 November 2009
dear sirs
my friend has d-mat and online trading account with ICICI. she changed her name, followed by her marriage. now she wish to effect her changed name into her dmat a/c. But ICICI denied the same as law prohibits from changing name in dmat account ??
is this so??
kindly guide....
Raj Kumar Makkad (Adv P & H High Court Chandigarh) 03 November 2009
This quarry has already been replied in the open forum
A V Vishal (Advocate) 03 November 2009
Since the change is for a Demat account and not a Savings Bank a/c or a current a/c. and a Demat account holds a large no of shares in electronic format of different companies, the change must occur in the company records, merely change in name of an demat account isn't sufficient, what the bank did in denying from changing the name is legally correct.
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