Nominee

Asha (Querist) 26 December 2011 This query is : Resolved
Hi friends
There is an private limited company in which 9999 shares were subscribed by foreign company & 1 share by its nominee. the Private company has not still received application money & allotted shares either to foreign company or its nominee. Now the nominee doesn't want to continue with the Private company. what is the procedure to change the nominee. pls do the needful....urgently

Follow Query

Report Abuse

Sailesh Kumar Shah (Expert) 26 December 2011
how can allotment made without money received?

vague query?

Asha (Querist) 26 December 2011
means ?
I din't got it sir

Sailesh Kumar Shah (Expert) 26 December 2011
you have stated that & "allotted shares" ?????

prabhakar singh (Expert) 26 December 2011
Mr. shah means to ask you lady how can it be possible to allot shares without money????

prabhakar singh (Expert) 26 December 2011
and your answer to his question is that application money,allotment money,then call money and all that are valid before for -feature??????????????? am i right shah!

prabhakar singh (Expert) 26 December 2011
but the truth is that you are relay making experts to dance .

B.Chakrapani Warrier (Expert) 27 December 2011
Subscribers to the memorandum and articles has to bring in the subscription money with in a reasonable time. Then change in nomination can be done by invoking section 187C of the Companies Act,1956.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries