Whether Trading Account can be opened in Minor Name ?
As per the provisions of Contract Act, minor can entered into contract so he can not open trading Account, is there any specific clarification/circular issued by SEBI or Exchange in this regard.
Menu
Trading account in the name of minor
Replies (2)
Trading account means there business is involved and in business liability is involved and minor cn not have any liability but can become part of the benifit as a pertner.
Its a very good thing that making account .......but it should be business liability.
Recent Topics :
- Tds - filing Conso File for tax year 2026-27
- ITR-3 Filing For AY 2026-27 - Tips
- Capital Gain on sale of Depreciated Factory Gala
- Interesting Observation from a Recent Income Tax S
- ITR 3 Utility Not Taking Marginal Relief on Net To
- MV Electrosystems IPO Allotment Date, Status Check
- TDS payment code query
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
Related Topics :
CAclubindia
