Minor director

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

18 October 2013 CAN MINOR BE THE DIRECTOR OF PRIVATE COMPANY???

Suresh Ramaswamy

Suresh Ramaswamy (Expert)
Follow

18 October 2013 NO - a minor cannot be a director of any company.

The Indian Contracts Act,1872 makes a minor incapable of contracting and all contracts with minors are void ab initio.

The Companies Act 1956 and 2013 lays down a number of duties and obligations for Directors which are basically contractual in nature.

Hence a minor cannot be appointed a Director of a company registered under Companies Act in force.

Ajay Mishra

Ajay Mishra (Expert)
Follow

18 October 2013 Hi

No read the Instruction kit of Form-32 available on MCA portal.

The person who is less than 18 years will not be eligible to have a DIN.

Upgrade to CAclubindia Pro. Subscribe Now!