Shares

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 December 2013 CAN A PRIVATE COMPANY ISSUE SHARES TO A MINOR CHILD. IF YES WHAT ARE THE FORMALITIES FOR IT.

PLEASE REPLY

THANKS IN ADVANCE

@VaibhavJ (Expert)
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28 December 2013 Hi

It is not possible. However you can do allotment in the name of guardian of minor.

Thanks

Ankur Garg (Expert)
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04 January 2014 Agree with the opinion of expert.

Fully paid up shares can be allotted to minor through his/her guardian.

Message likes : 1 times

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