What panicslayer has said is 100% right.
If someone says that he can get it done, bypassing that procedure, that would be 'illegal' and it will be detected at a later stage (when ever that car will be transferred in future).
All the leasing bank give a NOC at the end of the leasing period, which says the bank has no objection if the car is transferred in XYZ's name. That XYZ is the person lessee (who signed the contract and got the car from the company/bank). They (bank/leasing company) will never issue a NOC in somebody's else name.