Transmission of shares

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.

 

 

Replies (2)

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/

 

Hi sir,

the link u have mentioned is saying the requested page is not there in the server

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