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
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Long Term Service award taxability in hands of company
- Free lancer income
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- What is provisional receipt number for generation of form 16A
- Form 27Q Correction statement taking too long to update on IT Portal
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
