Arms act for Retainers...

[Anand]

Ajay,

I agree with penpusher on this.

A licensee may authorise any person he chooses to carry his firearms (especially to deposit and for repairs, inspections, renewals etc) This person need not be a retainer. In limited circumstances he may authorise him to use those arms as well.

Therefore, the point in specifically naming a retainer and entering his details is for the purpose that he gets the same benefits the original licensee was granted. Considering that the retainer was basically a nominee of the original licensee, he will not have any of these benefits if the license is cancelled or expires, which it will automatically, if the licensee dies.
Anand

[penpusher]

This person need not be a retainer. In limited circumstances he may authorise him to use those arms as well.

That he can't do,unless the person is a retainer.As per the proviso to Sec 3 sub-sec ,he/she can carry the arms and or ammunition only for the use of the licensee.

If we are going to go into circumstances that may arise forcing the bearer to use the licensed firearm,we would be going way OT and entering a grey area of legal interpretation that would be applicable only to that particular situation and is something that only the courts can do.

[BJL]

So to answer the original question posed

In the event of death of licence holder , is retainer entitled to continue holding weapon legally , feedback on the subject is requested.Regards James...

No. The retainer will need to get the weapon legally transferred to a license in his name.