TaxTMI 
TaxTMI 
Member Shares owned by minor Whether his name can be entered in register of members
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....icial Committee of the Privy Council in the leading case of Mohori Bibi v. Dharamdas Ghose [1903] 30 Cal. 539 held that in India a contract by a minor is ab initio void. Apart from the subscribers to the memorandum of association of a company a person can become a member of that company only when he agrees in writing to be a member and when, pursuant to such agreement, the name of the person is en....
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....ract on behalf of a minor or a minor entering into a contract by or through his guardian. In such an event, however, owing to the operation of section 153, the name of the minor cannot be entered in the register of members along with that of his guardian nor can the name of the guardian be entered in the register of members in a manner which will show that the person concerned (the guardian) is ho....