Transfer of interest on death of member

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..... there is no person so nominated, to such person as may appear to the committee to be the heir or legal representative of the deceased member, or pay to such nominee, heir or legal represen tative, as the case may be, a sum representing the value of such member's share or interest, as ascertained in accordance with the rules or by-laws : Provided that— ( i ) in the case of a society .....

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..... ay be. (3) All transfers and payments made by a registered society in accordance with the provisions of this section shall be valid and effectual against any demand made upon the society by any other person. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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