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Can monor become a owner of property as second party?

Hemant Jain (Article Assistance) (60 Points)

10 February 2011

can minor can buy property on his name as second party?
if yes then section?

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3 Replies

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.

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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.