A director of a Private Company holds some shares in the company. He wishes to have his son as a joint holder of the shares held by him. What procedure is followed for the same..?? Does a mere passing of Board Resolution, solve the purpose.??
6 Replies
ars
(CS)
(445 Points)
Replied 29 November 2013
name can not be added like that only. a proper transfer procedure need to be followed, as a seperate set of persons are going to held the shares.
Priyanka
(CS)
(585 Points)
Replied 29 November 2013
I think the director should go for nominations. Get a letter and Nominee form from the Director
surekha
(student)
(180 Points)
Replied 30 November 2013
He cannot make joint holder he can make his son nominee of his shares
*RENU SINGH *
(✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )
(21627 Points)
Replied 01 December 2013
In private company share can't be trfd without assent of all the members. ( board resolution is essential)
2. Even I think he can't make his son a joint holder but can appoint nominee for his shares.
Plz correct if I'm wrong
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