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share application money

(Querist) 21 November 2009 This query is : Resolved 
whether a father can invest money in shares in the name of minor son
Sachin Bhatia (Expert) 21 November 2009
Yes father can invest money in shares in the name of minor son.
Raj Kumar Makkad (Expert) 21 November 2009
He can but the owner of those shares shall be treated for all purposes that minor son.
Vineet (Expert) 21 November 2009
Yes, money can be invested in minors name under guardianship of natural or legal guardian.


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