04-30-2010, 04:20 PM
There are no specific guidelines as to how many persons could hold the shares jointly and there is little concern about this as the maximum number of members is 50 and the joint shareholders are treated as a one for this 50 limit.....Shares acquired through transfer or transmission no doubt gives the person a shareholding in that private company but he will be a shareholder in his personal capacity but not in the sight of a company unless he gets his name registered with a company and the moment his name is entered he becomes a member. If not, all the notices and dividends would be declared in the name of the previous shareholder(member)registered with the company even though the that new person is the current shareholder.......In short a person is a shareholder in the sight of a company when he is registered with a company and a registered shareholder is a member........ hope the answer of your question
