https://www.taxtmi.com/caselaws?id=98894 The court found that the notices sent to the deceased member's registered address regarding the forfeiture of share money were valid under Section 53(5) of the Companies Act, 1956. As the legal representatives did not provide an alternative address, the bank's actions were compliant with the law. Consequently, the court upheld the validity of the forfeiture order, ruling in favor of the plaintiff bank. The court allowed the revision petition and decreed the suit in favor of the bank against any assets of the deceased member in the hands of the defendants. en-us Tue, 02 Nov 1971 00:00:00 +0530 Tue, 24 Jan 2012 14:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98894 The court found that the notices sent to the deceased member's registered address regarding the forfeiture of share money were valid under Section 53(5) of the Companies Act, 1956. As the legal representatives did not provide an alternative address, the bank's actions were compliant with the law. Consequently, the court upheld the validity of the forfeiture order, ruling in favor of the plaintiff bank. The court allowed the revision petition and decreed the suit in favor of the bank against any assets of the deceased member in the hands of the defendants. Case-Laws Companies Law Tue, 02 Nov 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98894