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WHAT IS TRANSPOSITION OF NAMES

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked over 2 years ago

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

Transmission of shares A transmission of interest in shares of a company, of a deceased member of the company, made by the legal representative of a deceased member shall be considered as transmission of shares by operation of law.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

Transposition of name(s) is the process of changing the sequence of name(s) as appearing on the Share Certificate(s) and in the Register of Members of the Company. shares held in physical form, the request for change in the order of names of registered holders should be made on a plain paper duly signed by all the joint holders and submit along with the original share certificate(s) to the. You cannot reduce or increase the number of shareholders. In case the shareholders wish to reduce or increase the number of shareholders, procedure for Transfer of Shares will have to be followed.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Anil Dhawan answered over 2 years ago

Transmission of shares A transmission of interest in shares of a company, of a deceased member of the company, made by the legal representative of a deceased member shall be considered as transmission of shares by operation of law. This transmission will be registered by a company in the Register of Members. For statutory provisions related to Transmission of share one should refer the following sources: 1. Section 56 of Companies Act, 2013 2. Provisions given in model articles of association given in Table ‘F’ of Schedule-I “Relevant” Text of Section 56 and Rule 11.

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