can minor can buy property on his name as second party?
if yes then section?
Can monor become a owner of property as second party?
Hemant Jain (Article Assistance) (60 Points)
10 February 2011
Hemant Jain (Article Assistance) (60 Points)
10 February 2011
can minor can buy property on his name as second party?
if yes then section?
CA CMA CS Ram Pavan Kumar Melam
(CA)
(6980 Points)
Replied 15 February 2011
Since, there is an incapacity to enter into a contract by a minor, he /she can purchase the property through his / her parents or guardian.
Annu.R
(CA,CS,B.Com)
(2788 Points)
Replied 15 February 2011
Since, there is an incapacity to enter into a contract by a minor, he /she can purchase the property through his / her parents or guardian.After permission of court( that's called in hindi and in english I am getting this time).But,he could be the co-sharer with parents.
Annu.R
(CA,CS,B.Com)
(2788 Points)
Replied 17 February 2011
( that's called "Vali" in hindi and in english I am getting this time).
I forgat to write "Vali" in my privious/above post.
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