Dear All
Want to know that if shares are in physical certificate form and company dont have demat account then is it possible for someone to transfer company Owner shares (99.9% ) without paying stamp duty , shares transfer deed signed , endorsment on share certificates , on sombody name. and updated in ROC.and these original physical shares certificates are still in the custody of widow of the Owner at present.
is it possible that after the death of Owner ( 99.9% share holder ) the 1% share holder can form Qurom by giving ref of section 174 (2) of company act 2013 in the Board resolution and induct sombody in the Pvt Ltd company as Additional Director and that Add Director further appoint two more Add directors and running the airlines presently in india.
