https://www.taxtmi.com/caselaws?id=97114 Article 100 special benefits were unavailable to promoters from proceeds of the company's entire estate sale because those proceeds constituted capital rather than profits under the articles and memorandum of association. The benefits applied only while the company functioned and did not govern post-liquidation asset distribution. Promoters who had transferred their shares could not claim the benefits, as entitlement depended on continuing shareholding. Legal representatives or assignees of deceased promoters could claim benefits otherwise validly due to the deceased. Unclaimed shareholder amounts were required to be deposited with the court and remitted to the treasury as Civil Court Deposits, subject to later claims by shareholders or their representatives. en-us Tue, 20 Mar 1951 00:00:00 +0530 Sat, 14 Jan 2012 11:08:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97114 Article 100 special benefits were unavailable to promoters from proceeds of the company's entire estate sale because those proceeds constituted capital rather than profits under the articles and memorandum of association. The benefits applied only while the company functioned and did not govern post-liquidation asset distribution. Promoters who had transferred their shares could not claim the benefits, as entitlement depended on continuing shareholding. Legal representatives or assignees of deceased promoters could claim benefits otherwise validly due to the deceased. Unclaimed shareholder amounts were required to be deposited with the court and remitted to the treasury as Civil Court Deposits, subject to later claims by shareholders or their representatives. Case-Laws Companies Law Tue, 20 Mar 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97114