POSTED BY January 31, 2014 3:09 pm COMMENTS (4)ON
A demat A/c was opened in July 2013 in the joint names of Mr.A and his father,with Mr.A as the first holder.Mr.A has Debt holdings in it (investments in NCDs/Bonds).
There has been no direct equity purchase done by him and hence the demat A/c does not have any equity holdings.Thus he is eligible to invest under RGESS but can he designate the existing demat A/c for the same? Or has he to open a Demat A/c in his “single” capacity?
Thanks for your responses.