company registered in the name of minor ?
This query is : Resolved
08 April 2008
my friend takeover one company and he starts projects, it was a software company.
He choose to company name his minor child- it was possible or not.
please sir
He choose to company name his minor child- it was possible or not.
please sir
08 April 2008
As long as the name of the company satisfies the requirements of the registrar
of companies there is no problem.
of companies there is no problem.
08 April 2008
IF THE COMPANY HAS OBTAINED NAME AVAILABILITY AND REGISTERED ITS MEMORANDUM AND ARTICLES AND REGISTRATION IS COMPLETED AND OBTAINED CERTIFICATE OF INCORPORATIO AND COMMENCEMENT OF BUSINESS CERTIFICATE(IF APPLICABLE),THERE IS NOTHING TO BOTHER NOW.
IN THE ABOVE PROCESS,INITIALLY ONE NEEDS TO STATE DIRECTORS/PROMOTERS NAMES,AGES,ADDRESS ETC...
A MINOR CAN BE SHAREHOLDER THROUGH FATHER OR NATURAL GUARDIAN BUT HE CANNOT BE A DIRECTOR AS THERE IS NO CONTRACTUAL CAPACITY TO CONTRACT WITH A COMPANY.
A CONTRACT WITH A MINOR INVALIDATES THE CONTRACT.
R.V.RAO
IN THE ABOVE PROCESS,INITIALLY ONE NEEDS TO STATE DIRECTORS/PROMOTERS NAMES,AGES,ADDRESS ETC...
A MINOR CAN BE SHAREHOLDER THROUGH FATHER OR NATURAL GUARDIAN BUT HE CANNOT BE A DIRECTOR AS THERE IS NO CONTRACTUAL CAPACITY TO CONTRACT WITH A COMPANY.
A CONTRACT WITH A MINOR INVALIDATES THE CONTRACT.
R.V.RAO
12 January 2011
There is no specific restrictions regarding the use of the name of minor subject to the general restrictions. You may perhaps point out that the chosen name is relevant since it represents the name of your minor child.
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