SHARES TO MINOR


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Querist : Anonymous

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Querist : Anonymous (Querist)
10 December 2009 CAN PARTLY PAID UP SHARES BE ALLOTTED TO A MINOR?? ANY CASE LAW OR SECTION REFERENCE IN THIS REGARD?

10 December 2009 Partly paid shares can not be alloted to minor ss he is not a cpetent person to enter into contract.

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 December 2009 CAN FULLY PAID UP SHARES BE ALLOTTED TO A MINOR?? ANY CASE LAW OR SECTION REFERENCE IN THIS REGARD?

10 December 2009 Yes. however the shares are registered in the name of the guardian. Eg; Mr. ABC guardian of Mr. POR (minor)


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