hello sir
could you please tell me how to transfer the sole proprietorship in case of death of the only owner.
Also in case of private limited company how the heir can claim the shares in company if owner is dead.without will and without nomination.
Selvraj (na) 02 June 2014
hello sir
could you please tell me how to transfer the sole proprietorship in case of death of the only owner.
Also in case of private limited company how the heir can claim the shares in company if owner is dead.without will and without nomination.
Amritesh Mishra (Advocate) 02 June 2014
you Will inherit the property of your father and liabilities to the extent and not more than the property acquired by you in inheritance. As Far as share certificate is concerned, you must check whether any nominee is mentioned therein or not,if not, then shares will be transmitted to you by operation of law. you must intimate the company backed by supporting proof.
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