https://www.taxtmi.com/caselaws?id=313484 Shares are movable property and a will bequeathing movables includes shares; where identity of heirs is clear, formal transmission documents should not defeat substantive entitlement, therefore each legatee is entitled to one-third of the five shares. Entries in the company register made and shares allotted or transferred after the testatrix's death without lawful meetings or required quorum are void; the register must be rectified and impugned allotments and transfers deleted, with the company to record the heirs' and respondent's respective one-third shares and notify the Registrar. en-us Mon, 24 Jun 2013 00:00:00 +0530 Wed, 17 Apr 2024 13:18:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313484 Shares are movable property and a will bequeathing movables includes shares; where identity of heirs is clear, formal transmission documents should not defeat substantive entitlement, therefore each legatee is entitled to one-third of the five shares. Entries in the company register made and shares allotted or transferred after the testatrix's death without lawful meetings or required quorum are void; the register must be rectified and impugned allotments and transfers deleted, with the company to record the heirs' and respondent's respective one-third shares and notify the Registrar. Case-Laws Companies Law Mon, 24 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313484