shareholder bequeathing property to company

Querist : Anonymous (Querist) 08 April 2014 This query is : Resolved
Dear Experts,

I request your guidance on the following:

My friend & myself are the only two shareloders of a private limited company.

He owns 20% share. He has fallen gravely sick and has written a Will bequeathing property to our company - which will come into effect after his demise.

It is intended that his family should inherit the 20% share.

Now, will him bequeathing property to the company affect his shareholding is the primary question.

There is nothing explicitly mentioned in the Will that share holding should not be affected.

Please guide so that we can make ammends before its too late.

Thanking in anticipation.

Follow Query

Report Abuse

Devajyoti Barman (Expert) 08 April 2014
SORRY, ANONYMOUS QUERIES ARE NOT REPLIED HERE.

Querist : Anonymous (Querist) 08 April 2014
My apologies. Am a first-time user.

Have reposted.

T. Kalaiselvan, Advocate (Expert) 09 April 2014
Query repeated by anonymous author, the previous post may be re-visited for opinions.

R.V.RAO (Expert) 10 April 2014
this query was already replied .

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries