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

Top 10 Mistakes To Avoid When Applying For A Personal Loan

Top 10 Mistakes To Avoid When Applying For A Personal Loan

Applying for a personal loan can be a convenient solution in times of financial need. However, it’s important to tread carefully and avoid certain mistakes that could lead to unnecessary financi...

KNOW MORE

August 26, 2024

The Inflation Challenge: Strategies For Maximizing Fixed Deposit Returns

Inflation is a force that affects every aspect of our lives, including our finances. It erodes the purchasing power of our money over time, making it essential to find ways to maximise our returns and...

KNOW MORE

March 4, 2024

car loan maximum tenure

How Does Car Loan Tenure Affect EMI Calculation?

If you plan to seek a car loan, determining your EMI is a crucial step to plan well. Among the various factors that determine your EMI, the tenure of your car loan or, in other words, car loan maximum...

KNOW MORE

February 22, 2024