Costing Standards Accounting Standards E-Forms

The Companies Act, 1956

Share Capital and Debentures (82 to 123)

Section 109 Transfer by legal representative.

Section 109 Transfer by legal representative. 

A transfer of the share or other interest in a company of a deceased member thereof made by his legal representative shall, although the legal representative is not himself a member, be as valid as if he had been a member at the time of the execution of the instrument of transfer.