Can a minor become member
Mohit Aggarwal (STUDENT) (37 Points)
29 June 2014
Can a minor becomes member in a company limited by gaurantee and an unlimited company...??
4 Replies
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 30 June 2014
No, minor is incompetent to contract and hence cannot become a member in such companies. In case of companies limited by shares he can hold fullly paid shares through his natural guardian.
Mohit Aggarwal
(STUDENT)
(37 Points)
Replied 30 June 2014
As per rule 3(2) of company (managment and adminstration) rule, 2014....a minor can become member in a company not having share capital...
correct me...if i‘m wrong...
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 30 June 2014
Yes, you are correct. But in such a case he can be a member through guardian only. He cannot enter into a contract directly in his own name since he is not capable of entering into any contract.
Mohit Aggarwal
(STUDENT)
(37 Points)
Replied 30 June 2014
Bt sir how can be a minor becomes member give guarntee for any liablity to company in any case ??
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