Change of nominee

Madhu (Management Trainee) (37 Points)

26 December 2011  

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