https://www.taxtmi.com/caselaws?id=98468 The court ruled that shares cannot be directly allotted to minors as they cannot enter into contracts. However, minors can become shareholders through inheritance or transmission. The Registrar of Companies cannot refuse to accept a return solely because shares were allotted to minors; their duty is to ensure the return is factually accurate, not to assess the validity of transactions. The court directed the Registrar to register the return of allotment, emphasizing that the Registrar's role is ministerial and does not include adjudicating on transaction legality. The appeal was allowed, and the return of allotment was ordered to be registered. en-us Fri, 20 Oct 1967 00:00:00 +0530 Fri, 20 Jan 2012 17:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98468 The court ruled that shares cannot be directly allotted to minors as they cannot enter into contracts. However, minors can become shareholders through inheritance or transmission. The Registrar of Companies cannot refuse to accept a return solely because shares were allotted to minors; their duty is to ensure the return is factually accurate, not to assess the validity of transactions. The court directed the Registrar to register the return of allotment, emphasizing that the Registrar's role is ministerial and does not include adjudicating on transaction legality. The appeal was allowed, and the return of allotment was ordered to be registered. Case-Laws Companies Law Fri, 20 Oct 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98468