jayesh 13 April 2015
Mr. A forms a One Person Company (OPC) as per the provisions of Companies Act, 2013 and appoints his friend Mr. B as his nominee to become the member of OPC in case of his death. On A's death Mr. B becomes the member.
Can the legal heirs of Mr. A have any claim on the assets/shares of the OPC against Mr. B under the provisions of Indian Succession Act or any other local law?
N R Dash.. (Advocate) 13 April 2015
This is not the right thread. However, there are judgments of Bombay High court that the legal heir of the deceased can only be the shareholder/ owner of a proprietorship firm.
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