Minor director ?
This query is : Resolved
30 November 2015
Can minor become director as per Companies Act'2013 ?
30 November 2015
Under the Indian Contracts Act 1872 any contract with a minor is void. No claims can be enforced against a minor. A Director holds a fiduciary relationship with the Company and in case of private limited company s/he is also liable personally for unpaid income tax, sales tax, excise duty, etc. Since no claim can be enforced against a minor and s/he cannot contract, such person cannot become director of a company - even though there is no specific prohibition in this regard in Companies Act 2013. The appointment would be void ab initio since the minor has to give consent to act as Director and such consent is void.
01 December 2015
Thanks Suresh Ji.
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