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Querist : Anonymous

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Querist : Anonymous (Querist)
28 December 2013 CAN A PRIVATE COMPANY ISSUE SHARES TO A MINOR CHILD. IF YES WHAT ARE THE FORMALITIES FOR IT.

PLEASE REPLY

THANKS IN ADVANCE
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@VaibhavJ

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@VaibhavJ (Expert)
28 December 2013 Hi

It is not possible. However you can do allotment in the name of guardian of minor.

Thanks
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Ankur Garg

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Ankur Garg (Expert)
04 January 2014 Agree with the opinion of expert.

Fully paid up shares can be allotted to minor through his/her guardian.
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