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Private company incorporation

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(Querist)
01 September 2016 Whether Minor can be Subscriber (Promotor) of Proposed new company, if yes under which section authorize?
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c.bakshi

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c.bakshi (Expert)
05 September 2016 NO minor personally cannot become the subscriber of securities. however, in the case of transfer of securities only duly signed by or through his/her legal guardian. cited case laws is Sadiq Ali vs Jai kishori

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