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Minor liability

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(Querist)
10 October 2008 Can a company validly transfer shares to a minr by allotment/transfer & if yes then is the minor really a legitimate owner of these shares as regards to its rights and liabilities towards the company?????
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Jitender

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Jitender (Expert)
10 October 2008 no,co can't transfer shares in the names of minor.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
13 October 2008 Minor can not be a shareholder.




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