Dear All,
In the given case a Private Company's shareholders is holding 150 equity shares jointly, in the event of death of First named shareholder, kindly advise on the following:
1. Who will have the title to the share, whether the second named shareholder (survivour) or the legal heir's of the deceased shareholder.
2. In case of Dividend being declared, Dividend should be paid to whom.
Kindly suggest, what would be the consequence if the Dividend is declared before the death of the shareholder and what is the consequence if the Dividend is declared after the death of the shareholder.
Regards
Gaurav
Gaurav
CAclubindia
