Urgent - transmision of shares

Law Aspire (CS) (755 Points)

22 May 2013  

 

Dear Members

 

Please provide your views for this query:

 

ABC Pvt Ltd Company allotted bonus shares to its members on 18th February,2013 and filed form-2 with ROC.. The company was not in knowledge of the fact that Mr. A holding 10 shares died on 5th February,2013 and also alloted bonus shares in his name. Now how the company can rectify this mistkae?

 

If Mr. A has not given name of any nominee and also not executed any will before death , who will get his shares and what will be the Procedure?

 

 

Regards

ACS Rachit Inani