https://www.taxtmi.com/caselaws?id=448434 Shares of a deceased member of a private company are movable property transmissible in the manner provided by the articles of association, and where the articles require a succession certificate, the company may insist on it before transmission. The SEBI circular relied on was treated as inapplicable to a private unlisted company and, in any event, did not govern a dispute involving rival claims among legal heirs. Because competing entitlement claims and a pending recall application existed, the certificate was viewed as necessary to protect the company against third-party claims and to establish rightful succession. en-us Wed, 17 Jan 2024 00:00:00 +0530 Thu, 18 Jan 2024 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448434 Shares of a deceased member of a private company are movable property transmissible in the manner provided by the articles of association, and where the articles require a succession certificate, the company may insist on it before transmission. The SEBI circular relied on was treated as inapplicable to a private unlisted company and, in any event, did not govern a dispute involving rival claims among legal heirs. Because competing entitlement claims and a pending recall application existed, the certificate was viewed as necessary to protect the company against third-party claims and to establish rightful succession. Case-Laws Companies Law Wed, 17 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448434