Shares

Querist : Anonymous (Querist) 03 November 2009 This query is : Resolved
Some in my family bought shares in my name in 1965.The value of those shares purchased for about Rs.1000/ has gone into lakhs.He has availed the dividends on shares for almost almost 30 years. Can I ask for those shares which are in my name.

Follow Query

Report Abuse

adv. rajeev ( rajoo ) (Expert) 03 November 2009
Yes. You are the authorised person of those shares. Divindend might have credited to your bank a/c.

Sachin Bhatia (Expert) 03 November 2009
Yes you have every right in that.

Raj Kumar Makkad (Expert) 03 November 2009
Not only divident but also the paid up capital value of those shares belongs to you legally but better you talk to that person and settle the matter amicably so that your relations may not become tense.

B.Chakrapani Warrier (Expert) 03 November 2009
U have to check with the company whether that person has filed beneficial ownership under section 187C of The Companies Act,1956 with the company. In that case, though u are a registered share holder,u will loose the benefit of dividend.