Derivatives Trading in Minor's Name

Hi,

Can a trading account be opened in Minor's name for trading in derivatives (Futures & Options), if the minor has a trading account???

Both parents are working and have their own sources of income - Father works as a salaried person & Mother is a doctor. The minor son is 2 years old and will apply for a PAN card with representative assessee as Mother. 

Is it possible to club the income of trading with mother's income?

Have 2 questions:

1) if a trading account is opened in minor's name, whose PAN no. should be given for trading acccount - minor's, mother's or father's Pan no.??? 

2) The income generated from F&O trading will be added to mother's income or father's income?

Please let me know,

Thanks,