(1) In case of death of a shareholder of a company with a single shareholder, his right holder or a person who has acquired rights to his shares shall acquire the rights of the shareholder and he shall transfer the shares and cancel the filing of all actions performed by a single shareholder according to this Act. will work. In this way, the person who gets the right should do it in writing when deciding to transfer the shares and cancel the filing. But if no rightful owner of such shareholder is found, the office will appoint a liquidator and liquidate the company according to the prevailing law.
(2) According to sub-section (1), the person who gets the right to the shares shall inform the office with proof of the same within one month after receiving such right.
(3) After receiving the information according to sub-section (2), the office shall take the prescribed receipt and give that information to the person who has acquired the right to the registered shares.
(4) According to sub-section (1), if there is more than one person entitled to the shares, except in the case where the rights have been transferred to only one person, they shall be deemed to be the directors of the company for the time being, and on that basis, necessary amendments shall be made to the company's articles of association and regulations. However, if the question of entitlement arises, it will be according to the decision of the competent court.