Transfer of shares by minor

@ sarvesh

If those shares are fully paid up and there is no liability in respect of shares 

Yes those shares are fully paid up shares.

As per my research on internet i would come to know that a parent or guardian cannot validly dispose of the property of a minor under guardianship without court approval. Is it really so? And if it is possible to transfer shares by court order then in this case will it be necessary to execute gift deed also. pls clarify.