Share Tranfer
Dear Sir,
My Name is Ganesh Mallya. , 45 years from Perdoor, udupi District, Karnataka. My Father was a share holder in a SK Gold smith cooperative society , Mangalore. My father was died on 25th dec 2016. He already nominated me for the share. When I requested the Society to transfer the share in my name, they are saying they are returning the share amount. The share value is Rs 50.000. Previously My mother has same amount of share. She died in 2010. That time they transferred the share in my name . That case also I was the nominee
Here point why they are returning money ,since they are giving 18% dividend each year for the members, it is burden for them & they are not receiving the new share. In this case it is not a new share. It is existing share . My question to you sir,If shareholders dies, It is right of the nominee to continue as share holder or withdraw the amount as per his wish? Is it or not?
Respected Sir, Kindly give your legal opinion to me on the above matter & suggest how can I go ahead. I want to continue as share holder, I mean they have to transfer the share in my name. I don't want the withdrawal
With best regards
Ganesh Mallya
Near syndicate Bank Perdoor
email :[deleted]
mob:[deleted]