Issue regarding joint shareholding

Hi Everyone,

Say, A and B are joint shareholders in a Private Company. Now A wants to transfer those shares to B fully, but after he dies. While alive, he/she wants to hold the shares jointly. Also, A wants that his/her other heirs have no claim on his/her shares i.e. only B gets the ownership of shares. Can anyone specify any provision under the Companies Act, other than transfer or transmission. Can A make B his/her nominee?

Thanks & Regards

DEB

 

Replies (1)
Dear Mukerjee, You have a provision of nominating B as A's nominee for the shares held by A. Till the death of A, he will be a sole holder and after his death, the shares will be vested with B

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