Incorporation of co.

This query is : Resolved

dinesh (Querist)
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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?

CA VISHAL RANA,CS,B.Com,AMFI

CA VISHAL RANA,CS,B.Com,AMFI (Expert)
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21 October 2011 yes minor can obtain DSC

Minor can be member in co for fully paid up shares.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

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dinesh

dinesh (Querist)
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21 October 2011 Thank u B.Chackrapani Warrier and Vishal Ji
for ur kindness in repling...

Hare Krishna......

CS Pawan Kumar Baid

CS Pawan Kumar Baid (Expert)
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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.

dinesh

dinesh (Querist)
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25 October 2011 can u plz tell me some case law.......

CS Pawan Kumar Baid

CS Pawan Kumar Baid (Expert)
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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.