https://www.taxtmi.com/caselaws?id=447105 Under Section 247 of the Indian Succession Act, a testamentary court may only prima facie identify the estate for preservation and administration; it cannot conclusively determine title or ordinarily control the internal affairs of third-party companies. The deceased's estate includes the shares actually owned together with their incidental shareholder rights, such as voting and participation rights, but not personal influence or a separate "controlling interest" detached from the shares. The administrator pendente lite may exercise only those heritable shareholder rights and cannot directly manage company affairs beyond what the deceased could lawfully have done. In a multi-member administration, majority decision-making may be used as a practical mode of functioning, subject to any necessary judicial supervision. en-us Thu, 14 Dec 2023 00:00:00 +0530 Mon, 18 Dec 2023 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447105 Under Section 247 of the Indian Succession Act, a testamentary court may only prima facie identify the estate for preservation and administration; it cannot conclusively determine title or ordinarily control the internal affairs of third-party companies. The deceased's estate includes the shares actually owned together with their incidental shareholder rights, such as voting and participation rights, but not personal influence or a separate "controlling interest" detached from the shares. The administrator pendente lite may exercise only those heritable shareholder rights and cannot directly manage company affairs beyond what the deceased could lawfully have done. In a multi-member administration, majority decision-making may be used as a practical mode of functioning, subject to any necessary judicial supervision. Case-Laws Companies Law Thu, 14 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447105