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Kaushal Jaimni   02 July 2017

Regarding physical share transfer and Quorum

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.



Learning

 2 Replies

Kumar Doab (FIN)     02 July 2017

If your own establishments legal cell is unable to resolve,get in touch with a very able local senior counsel of unshakable repute and integrity specializing in such matters.

Kumar Doab (FIN)     02 July 2017

You may show all docs, on record to a very able local senior counsel specializing in such matters for a considered opinion.

This is altogether different filed  and at each location there are a few counsels that specialize in it and they are very well known.

Usually such matters are referred to them by any counsel worth his/her salt.

Lawyers handling civil matters usually do not meddle in such matters.

Inquire locally for such counsels and you will have a list of all such few counsels at your location.

Chose carefully, a counsel that suits you.

Use the inputs received by you in this thread in your future endeavors.

Online discussions have its own limitations and are not substitute for considered opinion and consultation with due examination of relevant docs and inputs in person with a counsel specializing in respective field.

 

There are endless numbers of threads at LCI also by unsuspecting querists that have been fleeced by posers posing as expert lawyers.

 The discussions at LCI are FREE and should not be exploited as a medium to allure unsuspecting querists to pay a FEE in the name of so called consultation……………


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