The Supreme Court has held that the non-obstante clause in both Section 109A(3) of the Companies Act, 1956 & Bye-law 9.11.7 of the Depositories Act, 1996, does not exclude the legal heirs from their.
The Supreme Court has held that the nomination process under the Companies Act, 1956 (pari materia Companies Act, 2013) does not override succession laws. It is beyond the scope of the company s.
The apex court said the vesting of securities in favour of the nominee was for the limited purpose of ensuring there is no confusion pertaining to the legal formalities to be undertaken upon the death of the holder.
As per the judgment, even if a person is a nominee in the share/debenture certificate he is not entitled to inherit it by default. The inheritance or the succession of these instruments will be determined by the contents of the deceased s will or as per the succession laws.
The Delhi High Court on Wednesday, in a petition invoking 'Right to be forgotten' and seeking removal of news and journal articles published on various online platforms, asked Google to file reply as to whether de-indexing of publications can .