Death of Director and Shareholder of Private Company

1. As per Section 174(2), the other director (wife) may call a board meeting / pass a CR only for the appointment of another person as an additional director.

2.A minor cannot apply for transmission of shares in his name. Only recourse available here is to transmit all shares except one of deceased person in his wife s name and remaining one share in the name of some other close relative/trusted person. ( Ensure to do this within 6 months of death of the shareholder )