Menu
Mimor be member
can shares be transferred to minor.is it valid?
Replies (1)
The Co law board has laid down in Nandita Jain vs Bennet Coleman Pvt Ltd that a minor can become Member provided four conditions are fulfilled:-
1. co must be co ltd by shares
2. shares are Fully paid up
3. application for transfer is made on behalf of minor by lawful gaurdian
4. the transfer is manifestly for the benefit of minor
1. co must be co ltd by shares
2. shares are Fully paid up
3. application for transfer is made on behalf of minor by lawful gaurdian
4. the transfer is manifestly for the benefit of minor
Recent Topics :
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
Related Topics :
CAclubindia
