Dear Members
Please provide your views for this query:
ABC Pvt Ltd Company allotted bonus shares to its members on 18th February,2013 and filed form-2 with ROC.. The company was not in knowledge of the fact that Mr. A holding 10 shares died on 5th February,2013 and also alloted bonus shares in his name. Now how the company can rectify this mistkae?
If Mr. A has not given name of any nominee and also not executed any will before death , who will get his shares and what will be the Procedure?
Regards
ACS Rachit Inani
CAclubindia
