Several years ago I had purchased a few shares in different companies primary issues. These were purchased with different second holders.
As a result I now hold a few shares in certificate form with different second names ( my brothers, mother).
Demating these is now a problem. and the number of idnividual shares is really few (some are even 17 shares 15 shares) I would need to open several demat accounts.
Can the second holder relinquish their rights? All the shares were purchased totally with my funds. My brothers too would have no objection to relinquish their rights. At that time I wanted to be fair to all my family members and hence purchased these with different second holders.
Would I be liable to pay tax?
