LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

ars (cs)     13 July 2016

Joint holders share in property

1. In absence of any express writing, the share of the joint shareholders / members of the society  or Company is always equal ?

eg. : if A & B are the members then their individual share is always on 50:50 basis or if there are three hodlers then they all share 1/3 part of the share / property ?

2. can the joint holders appoint different persons as their nominee i.e. going by above example  can A' appoint X as a nominee for his 50% share and B' appoint Y as a nominee for his share?

3. can A' simply write in his WILL that his share be allocated to X or Y? without mentioning his % holding?

4. In case of death of a member, where the nominee was appointed, the Society has to , while transferring the shares in the name of nominee, write that X or Y is a nominee or that they are not entitled to sell the property? how to disclose prohibition on the nominee from sell of shares unless they are proved to be legal heir?

5. In case of shares of a Company - can the nominee gets shares transferred in his name and sell?



 6 Replies

Kumar Doab (FIN)     13 July 2016

Pursue the society bye laws.

ars (cs)     14 July 2016

with due respect sir, there are no specific answeres available in the bye laws, for the queries raised.

May I request to respond to the above queries.

sudherrrrr (design)     14 July 2016


Gagan Kumar (Lawyer)     14 July 2016

Forum discussion may not give you concrete solution. You need to consult a lawyer over the phone or need a face to face consultancy. If interested you can contact GK & Advocates Law Firm ( It will save your time too.

Bharatkumar (ADVOCATE )     14 July 2016

if not wirte about share then equal share of each person.

Kumar Doab (FIN)     17 July 2016

@ Atulit,

Pls participate in the discussion.

Pls do not just advertise in the threads.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register