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TRANSFER AND TRANSMISSION OF SHARE. — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCTRANSFER AND TRANSMISSION OF SHARE.1 Mark
MCQ
If Share holder dIes without making will and has no successor$…….$
  • A
    Government will forfeit the share.
  • B
    Company will forfeit the shares.
  • ✓
    Court will appoint administrator.
  • D
    Shares will be transferred to a charitable trust.
✓

Answer

Correct option: C.
Court will appoint administrator.

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