Deposit from shareholders(minor)
This query is : Resolved
Kasturi Mukundan
(Querist)
29 January 2009
Can Private Limited Company accept deposits from a shareholder who is a Minor. What are conditions, if any?
Can the periodic interest be paid to the Minor?
Can the periodic interest be paid to the Minor?
CA. B.SRINIVASULU
(Expert)
29 January 2009
Yes you can accept deposit and you should get the gaurdian name also.
Interest has to be paid to the monior sb account.
Interest has to be paid to the monior sb account.
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