https://www.taxtmi.com/caselaws?id=199368 A company cannot withhold transmission of a deceased shareholder's remaining shares where it has already recognised the claimant as heir and no injunction or legally sustainable objection prevents transmission. Pending probate or succession-certificate proceedings, by themselves, do not bar transmission when the articles permit transfer on production of necessary evidence and part of the holding has already been transmitted. The text also notes that a disputed further allotment may be managed through interim directions preserving the existing control structure, restricting fresh issues without unanimous board approval, and maintaining dividends and board participation until the connected claims are resolved. en-us Mon, 07 Feb 2000 00:00:00 +0530 Tue, 27 Feb 2018 11:52:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199368 A company cannot withhold transmission of a deceased shareholder's remaining shares where it has already recognised the claimant as heir and no injunction or legally sustainable objection prevents transmission. Pending probate or succession-certificate proceedings, by themselves, do not bar transmission when the articles permit transfer on production of necessary evidence and part of the holding has already been transmitted. The text also notes that a disputed further allotment may be managed through interim directions preserving the existing control structure, restricting fresh issues without unanimous board approval, and maintaining dividends and board participation until the connected claims are resolved. Case-Laws Companies Law Mon, 07 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199368