Anand who was a shareholder of PQR Ltd. died in a road accident in August, 2019. His son Niraj has sent an intimation to PQR Ltd. regarding his death. In light of the applicable Secretarial Standard, explain to whom noti
CS Executive · Company Law · PYQS · December 2019
Anand who was a shareholder of PQR Ltd. died in a road accident in August, 2019. His son Niraj has sent an intimation to PQR Ltd. regarding his death. In light of the applicable Secretarial Standard, explain to whom notice of the ensuing general meeting shall be sent by PQR Ltd.
Answer & Explanation:
As per Para 1.2.1 of Secretarial Standard on General Meetings [SS-2], where the company has received intimation of death of a Member, the Notice of Meeting shall be sent as under: Where securities are held singly, to the Nominee of the single holder. Where securities are held by more than one person jointly and any joint holder dies, to the surviving first joint holder. Where securities are held by more than one person jointly and all the joint holders die, to the Nominee appointed by all the joint holders. In the absence of a Nominee, the notice shall be sent to the legal representative of the deceased Member.
Topics: Meetings of Members
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