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Companies Law - Highlights / Catch Notes

Home Highlights December 2016 Year 2016 This

Nomination - The object of the provisions of the Companies Act ...


Companies Act Section 109A: Ensuring Representation for Deceased Shareholders Amid Market Influences, Not Addressing Succession.

December 7, 2016

Case Laws     Companies Law     HC

Nomination - The object of the provisions of the Companies Act is not to either provide a mode of succession or to deal with succession. The object of the Section 109A is to ensure that the deceased shareholder is represented by some one as the value of the shares is subject to market forces - HC

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