Legal Question in Securities Law in India
My father expired 12 years back in an accident without leaving any WILL. He was promotor director of a public ltd co. He was karta of his HUF and this HUF was holding some equity shares in this co. Now we requested co. to transmit the shares to my name, but co. is asking for HUF partition deed. but I do not have any partition deed or I do not know if it was made by my father and where it would be. Please advise what should I do to transmit the shares in my name?
Asked on 8/31/10, 10:46 pm
1 Answer from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
you can appoint a karta for your HUF and the share may be transferred in his name. this way there would be no partition and the shares would remain a joint property.
Answered on 8/31/10, 10:48 pm
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