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Existence of Private Company


Akshata Kumthekar   22 September 2020

Akshata Kumthekar

 14 points

| My Other Post

Four persons are the only members of a private company. All of them go for trip in a car. and due to an accident all the four die. Then does the private company exist..????

mayur borhade   22 September 2020

mayur borhade

 5 likes  81 points

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Yes... As company is an artificial individual person.. in this case legal heirs of the members will be the new members of the company, by way of transmission of shares.

avater

Akshata Kumthekar   24 September 2020

Akshata Kumthekar

 14 points

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Thank You

avater

pritesh (delhi)     24 September 2020

pritesh
delhi 
 19 likes  352 points

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Yes transmission of share should be done


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