Guardianship act for minor

Shares held by a guardian on behalf of a minor, is governed by The Companies Act, 1956 and not by The Hindu Minority and Guardianship Act, 1956. And it is definitely not similar to owning an immovable property. Later is a contract, which is forbidden to be entered into by a minor, under The Indian Contract Act, 1872. Whereas, Companies Act, 1956 does not have any problem , in case minor owns shares. However, minor's name cannot be entered in the Register of Members. Only his guardian's name could be entered.