Tranmission delay by brittania limited
My grand father is expired 2005, he hold brittania share certificate and other 33 company also. we received succession certificate and all companies transmission completed. from 2005 to 2017 we used to receive dividend from brittania and we have credited the same in bank account. that account number also mention in succession certificate, however brittania is raising unnecessary concern that why you have credited dividend from 2005 to 2017 like below
It is once again emphasized that the continuous encashment of dividends well after the demise of the
shareholder is not justifiable in law and this remains completely unanswered so far
This act of encashment, without informing the Company or the RTA of the shareholder's death and without completing the transmission formalities, raises significant questions regarding the bona fides of the claim.
In relation to the succession certificate submitted, the Company has noted certain discrepancies and
have communicated earlier by RTA vide their letter dated 10th September, 2024, particularly the
inclusion of non-convertible debentures issued in 2010 although they were redeemed in 2013. While
you mention that amending the succession certificate would be time-consuming, it is absolutely
necessary to do so as the company cannot override the court of competent jurisdiction, which alone
is authorised to amend its orders containing incorrect information. The requirement that all
documentation including succession certificate shall be accurate necessitates that the succession
certificate should be amended after fully apprising the court of the true facts of the case, regardless
the time involved.