Hi Preeti for this i would like to suggest you read sec.269,316 and scedule xiii of income tax act.You will be get a better understanding
In nutshell for your knowledge purpose any person who are less than 25 cannot become a director of a company,he can become a director of a company less than 25 for this they need to pass a resolution and take a prior approval of c.g but a person who is less than 18 he cant become a director in any case.
But still i suggest you read prov carefully because may be little bit i am wrong because i read this prov 4 yrs back when i was in my cs intermediate but sections are correct..age is also correct ..changes may be in te approval side
hi preeti i've found out from books dat companies actdoesn't state anywhere abt age or qualification of director................. but as sec-274 fo companies act deals wit qualification of directors dat also doesn't consider abt age............. but as i told earlier dat minor is not able to enter into contract so he cant b a director......... but dat was only a part............ d whole point is as every director of public company has to giv a written consent but nt in case of private company............. hence a minor can be a director of private company.
YES , a minor who has not attained the age of 18 years can become a Director of any Company, provided he is not subject to disqualification order pursuant to Company Directors Disqualification Act, 1986.
For Further Clarification, pls mail me on : encyclopediaofvidyasagar @ yahoo.com