https://www.taxtmi.com/caselaws?id=443344 The Tribunal ordered the transmission of 45,000 equity shares to the deceased's daughter, as the company wrongly refused based on Will conditions. The interpretation of the Will was deemed irrelevant to the transmission process under the Companies Act. The Tribunal dismissed the influence of a family settlement on the transmission decision, stating it was not within its jurisdiction. The directors lacked standing to oppose the transmission, leading to a cost imposition on them. The NCLT's decision was upheld, directing the transmission of shares to the daughter within thirty days, and both appeals were dismissed. en-us Thu, 21 Sep 2023 00:00:00 +0530 Fri, 22 Sep 2023 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443344 The Tribunal ordered the transmission of 45,000 equity shares to the deceased's daughter, as the company wrongly refused based on Will conditions. The interpretation of the Will was deemed irrelevant to the transmission process under the Companies Act. The Tribunal dismissed the influence of a family settlement on the transmission decision, stating it was not within its jurisdiction. The directors lacked standing to oppose the transmission, leading to a cost imposition on them. The NCLT's decision was upheld, directing the transmission of shares to the daughter within thirty days, and both appeals were dismissed. Case-Laws Companies Law Thu, 21 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443344