https://www.taxtmi.com/caselaws?id=467845 Legal heirs of a deceased shareholder may maintain an oppression and mismanagement petition where the deceased's rights in the shares have devolved on them, even if their names have not yet been entered in the register of members. Requiring prior registration of transmission under the Companies Act, 2013 would be unduly technical and would defeat the remedy's purpose. The decisive consideration is devolution of the shareholder's rights to the legal representatives, not the pendency of formal transmission. A challenge to locus on the ground of absence of membership therefore cannot succeed. en-us Wed, 16 Oct 2024 00:00:00 +0530 Mon, 06 Apr 2026 19:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467845 Legal heirs of a deceased shareholder may maintain an oppression and mismanagement petition where the deceased's rights in the shares have devolved on them, even if their names have not yet been entered in the register of members. Requiring prior registration of transmission under the Companies Act, 2013 would be unduly technical and would defeat the remedy's purpose. The decisive consideration is devolution of the shareholder's rights to the legal representatives, not the pendency of formal transmission. A challenge to locus on the ground of absence of membership therefore cannot succeed. Case-Laws Companies Law Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467845