Private company incorporation

This query is : Resolved 

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

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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