https://www.taxtmi.com/caselaws?id=402379 The Tribunal ordered the company to facilitate the transmission of 12,000 equity shares to the natural legal heirs of a deceased shareholder within a specified time frame. The company's failure to act promptly was deemed unjustified, and the applicants, being the deceased shareholder's son and daughter, were recognized as undisputed legal heirs entitled to the shares. The Tribunal emphasized compliance with the Companies Act 2013 and rejected the company's argument regarding the absence of the deceased shareholder's will, stating that the applicants' status as legal heirs was established through the documents submitted. The case concluded with directions for the company to proceed with the transmission without awarding costs. en-us Fri, 18 Dec 2020 00:00:00 +0530 Thu, 31 Dec 2020 13:52:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402379 The Tribunal ordered the company to facilitate the transmission of 12,000 equity shares to the natural legal heirs of a deceased shareholder within a specified time frame. The company's failure to act promptly was deemed unjustified, and the applicants, being the deceased shareholder's son and daughter, were recognized as undisputed legal heirs entitled to the shares. The Tribunal emphasized compliance with the Companies Act 2013 and rejected the company's argument regarding the absence of the deceased shareholder's will, stating that the applicants' status as legal heirs was established through the documents submitted. The case concluded with directions for the company to proceed with the transmission without awarding costs. Case-Laws Companies Law Fri, 18 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402379