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Transfer of Shares in Pvt Ltd Co.

(Querist) 20 October 2010 This query is : Resolved 
A person is a director in the pvt ltd co. He wants to transfer his shares in the co. through his will to his relatives. Can he do so? how? and if not then what are the other means he can explore?
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Madhava Law Office (Expert) 20 October 2010
Dear Chinta,

Such Director can transfer his shares through his will which will take effect after his death.

In another option, such director can make such person nominee in respect of such shares. In such case, these shares shall be transfered to the nominee name after the death of such director.
M/s. Y-not legal services (Expert) 20 October 2010
he can appoint any nominees..
s.subramanian (Expert) 20 October 2010
I agree with Mr.Mukesh.
pawan sharma (Expert) 20 October 2010
i also concur with Mr.Yadav.
Devajyoti Barman (Expert) 20 October 2010
Yes
Kirti Kar Tripathi (Expert) 20 October 2010
i also agree with Mukesh
Advocate. Arunagiri (Expert) 21 October 2010
I also agree with Mr.Mukesh.
Devajyoti Barman (Expert) 24 October 2010
Gift is another means.

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