https://www.taxtmi.com/caselaws?id=102012 Transmission of shares on a member's death is distinct from an inter vivos transfer. Under the Companies Act, 1956, read with the Indian Succession Act, executors are legal representatives in whom the deceased's property vests and may seek registration in respect of the deceased's shares. Articles governing voluntary transfers between living persons do not justify refusing transmission by operation of law, particularly where they recognise legal representatives' title. An improper refusal or delay in entering a person's membership in the register constitutes a default capable of rectification under section 155. Accordingly, unlawful refusal to register executors may be set aside and the register rectified. en-us Thu, 24 Jan 1991 00:00:00 +0530 Mon, 13 Feb 2012 13:40:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102012 Transmission of shares on a member's death is distinct from an inter vivos transfer. Under the Companies Act, 1956, read with the Indian Succession Act, executors are legal representatives in whom the deceased's property vests and may seek registration in respect of the deceased's shares. Articles governing voluntary transfers between living persons do not justify refusing transmission by operation of law, particularly where they recognise legal representatives' title. An improper refusal or delay in entering a person's membership in the register constitutes a default capable of rectification under section 155. Accordingly, unlawful refusal to register executors may be set aside and the register rectified. Case-Laws Companies Law Thu, 24 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102012