Hi
when a shareholder expires with a nomination for shares held in private limited and few public limited companies
who will be the owners for the shares ?
the nominated person or the legal heirs of the shareholder.
Rakesh Gampa (62 Points)
01 August 2016Hi
when a shareholder expires with a nomination for shares held in private limited and few public limited companies
who will be the owners for the shares ?
the nominated person or the legal heirs of the shareholder.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 01 August 2016
Legal heir and nominee will be the owner of shares. Refer judgement dated 31.3.2015 of Bombay High Court:
https://indiankanoon.org/doc/95245152/
Rakesh Gampa
(62 Points)
Replied 01 August 2016
Hi sir,
the link u have mentioned is saying the requested page is not there in the server
CAclubindia
