Uma
asked over 3 years ago
narahari
answered over 3 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.
veeru
answered over 3 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.
Anil Dhawan
answered over 3 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.
