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.??
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Replies (6)
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.
I think the director should go for nominations. Get a letter and Nominee form from the Director
He cannot make joint holder he can make his son nominee of his shares
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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