LAWyersclubindia LCI
Login  Register
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Minor shareholder

(Querist) 24 July 2009 This query is : Resolved 
In a private limited Company, there are 3 sharholders - A, B and C.

A is adult and B & C are his two minor daughters (under his guardianship). Is is ok?

Whether this fulfils the requirement of minimum two shareholders in a private ltd. company?
Report Abuse
A V Vishal (Expert) 24 July 2009
Dear Malik

The company act doesnot prescribes any qualifications to hold shares, hence, the two minor daughters are eligible to hold the shares and there is absolutely no problem as it fulfills all the requirements.
Nehal (Expert) 24 July 2009
All the shareholders should be major, as they should have contractual capacity to subscribe to the memorandum.
Manish Singh (Expert) 03 August 2009
there is no bar for a minor to hold shares in a company. but for being a director, it may be disputable.

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :



Ask Query
Unanswered Queries

Laws Laws Follow us





Browse by Category

Stay updated with latest Posts!