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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Error in uploading Form 10BD
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Grand in aid
- Loss of interest in PF transfer from EPFO to Trust
- NRI INSURANCE ADVISOR
- Banking Related Issue
- Residential status of non resident
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
