Please advise.. There are equity shares in the name of my mother and HUF of my father in a public ltd co (my father was promoter director in co). My mother & father both have expired. But I do not have probate yet. Co had asked for probate for transmitting shares in my name. So in the board meeting if 2 out of 3 directors (there are total 3 directors: 1 chairman & 2 directors in co) favor that shares be transmitted without probate, is it acceptable. or chairman can deny on this
CAclubindia
