Minor become a director?
This query is : Resolved
01 August 2012
Can minor become a director in public company or in private company?
as some authors believe that DIN is not provided to minor but MCA not clarified about that.
as some authors believe that DIN is not provided to minor but MCA not clarified about that.
Guest
Guest
(Expert)
01 August 2012
Minor being not competent to contract can not become director of the company.
Guest
Guest
(Expert)
01 August 2012
The instructions in Form 32 at page no 2 makes it clear.
It says
"Age of the appointee cannot be less than eighteen years"
It says
"Age of the appointee cannot be less than eighteen years"
01 August 2012
In addition to the above
Director Identification Number (DIN) is compulsory for becoming a Director and a minor is not allotted a DIN.
Therefore a minor cannot become a Director.
Director Identification Number (DIN) is compulsory for becoming a Director and a minor is not allotted a DIN.
Therefore a minor cannot become a Director.
01 August 2012
what will be your answer IF ICAI COMPANY LAW FINAL MODULE SAYS THAT
IF PUBLIC COMPANY - MINOR NOT ELIGIBLE
IF PRIVATE COMPANY - MINOR IS ELIGIBLE, BUT HE CAN NOT BECOME A MANAGING DIRECTOR.
IF PUBLIC COMPANY - MINOR NOT ELIGIBLE
IF PRIVATE COMPANY - MINOR IS ELIGIBLE, BUT HE CAN NOT BECOME A MANAGING DIRECTOR.
01 August 2012
Hi
Experts has given best answer, i will suggest you to follow their reply and module can be mistakenly said but a minor is not eligible to appoint in any form of director in any company.
Because, for private company also to be managing director he/she should be director and they will not DIN until they complete the age of majority.
So go ahead with expert.
Experts has given best answer, i will suggest you to follow their reply and module can be mistakenly said but a minor is not eligible to appoint in any form of director in any company.
Because, for private company also to be managing director he/she should be director and they will not DIN until they complete the age of majority.
So go ahead with expert.
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