Companies Act 2014 section 97

Transmission of shares in special circumstances (including cases of mergers)

Section 97 deals with how shares can be registered in special circumstances, such as the death of a sole member-director or where a merger results in shares being transmitted by operation of law.

• The Minister may prescribe procedures for validly registering shares where the sole member and only director of a single-member company has died
• The Minister may also prescribe procedures for other cases where registering shares proves difficult
• Where shares in one company held by another company are transmitted as a result of a merger, alternative registration procedures to those in section 96 may be used
• The directors of the company whose shares are being transferred may determine those alternative procedures, subject to the company's constitution and any court order under Part 9