Company's Refusal to Transfer Shares to Daughter Violates Section 56 of Companies Act; Other Heirs Gave Consent.

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....Refusal of Transmission of shares - Transfer of title in accordance of Will of the deceased, in favor of Daughter - The intimation u/s 56 of the Companies Act was merely about transmission of said shares and not about execution Will. - It was not only undesirable, but also unlawful for the Company to have refused ‘transmission’ of said shares when other Class-I legal heirs of the Deseased had given explicit ‘no objection’ for transmission of the said shares in favour of claimant - AT....