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of <h1>Legal Reps Can Transfer Shares of Deceased Members Under Companies Act, 1956, Section 109 Without Being Members Themselves.</h1> Section 109 of the Companies Act, 1956, under the Companies Law regarding share capital and debentures, states that a legal representative of a deceased company member can validly transfer the deceased member's shares or interests. This transfer is considered valid even if the legal representative is not a company member at the time of executing the transfer instrument.
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