Incorporation of co.
This query is : Resolved
21 October 2011
1. Can a minor obtain DSC.
2. Can a minor become member of a company?
3. Does a Public Ltd Co not having Share Capital has to acquire certificate to commence business or COI is sufficient for it?
2. Can a minor become member of a company?
3. Does a Public Ltd Co not having Share Capital has to acquire certificate to commence business or COI is sufficient for it?
21 October 2011
yes minor can obtain DSC
Minor can be member in co for fully paid up shares.
Minor can be member in co for fully paid up shares.
21 October 2011
Minor can't become a member per se of a company due to the incompetency to enter into a contract.
However minor can become a shareholder ,by virtue of transfer/transmission only, of fully paid up shares.
However minor can become a shareholder ,by virtue of transfer/transmission only, of fully paid up shares.
21 October 2011
Thank u B.Chackrapani Warrier and Vishal Ji
for ur kindness in repling...
Hare Krishna......
for ur kindness in repling...
Hare Krishna......
CS Pawan Kumar Baid
(Expert)
25 October 2011
Minor can become member per se and not necessarily only by transfer/transmission.
In IPO/FPO minor can apply for share directly, even if shares are partly paid.
In IPO/FPO minor can apply for share directly, even if shares are partly paid.
CS Pawan Kumar Baid
(Expert)
04 November 2011
There is no need of case law. Just go to any DP and open a Dmat A/c in the name of minor. He will open.
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