https://www.taxtmi.com/caselaws?id=441284 The Tribunal ruled that the legal representatives of the deceased member are entitled to be substituted in a company petition under Sections 241 and 242 of the Companies Act, 2013, without the requirement of becoming members of the company. Despite the transfer of shares by the 2nd Respondent, the legal heirs were allowed to continue the proceedings. Citing legal precedents and statutory provisions, the Tribunal upheld the substitution of legal representatives in case of the death of a party. The appeal was dismissed, affirming the substitution of the legal heirs in the company petition. en-us Tue, 01 Aug 2023 00:00:00 +0530 Fri, 04 Aug 2023 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441284 The Tribunal ruled that the legal representatives of the deceased member are entitled to be substituted in a company petition under Sections 241 and 242 of the Companies Act, 2013, without the requirement of becoming members of the company. Despite the transfer of shares by the 2nd Respondent, the legal heirs were allowed to continue the proceedings. Citing legal precedents and statutory provisions, the Tribunal upheld the substitution of legal representatives in case of the death of a party. The appeal was dismissed, affirming the substitution of the legal heirs in the company petition. Case-Laws Companies Law Tue, 01 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441284