Minor liability
This query is : Resolved
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?????
10 October 2008
no,co can't transfer shares in the names of minor.
13 October 2008
Minor can not be a shareholder.
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