https://www.taxtmi.com/caselaws?id=199368 Share transmission to an heir may proceed despite pending probate or succession-certificate proceedings where the company has already recognised the heir through partial transmission, no injunction restrains transfer, and no sustainable objection exists. Reliance on an unprobated will alone does not justify withholding the remaining holding. The further share issue was not finally examined on merits; allotment to the petitioner at par was contemplated alongside interim safeguards preserving management balance. These included board participation, circulation of minutes, maintenance of existing board composition, unanimous approval for further issues, and payment of dividends on the admitted holding. 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 Share transmission to an heir may proceed despite pending probate or succession-certificate proceedings where the company has already recognised the heir through partial transmission, no injunction restrains transfer, and no sustainable objection exists. Reliance on an unprobated will alone does not justify withholding the remaining holding. The further share issue was not finally examined on merits; allotment to the petitioner at par was contemplated alongside interim safeguards preserving management balance. These included board participation, circulation of minutes, maintenance of existing board composition, unanimous approval for further issues, and payment of dividends on the admitted holding. Case-Laws Companies Law Mon, 07 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199368