Maharashtra State BoardHSC Commerce 11th
Advertisement Remove all ads

Mrs. and Mr. A works in a Bank. They have a daughter named Ms. 2 who is 11 years old: - Secretarial Practice

Advertisement Remove all ads
Advertisement Remove all ads
Short Note

Study the following case/situation and express your opinion.

Mrs. & Mr. A works in a Bank. They have a daughter named Ms. 2 who is 11 years old:

(a) Can Mrs. &Mr. A invests in shares of the company? (b) Can they buy shares in the name of their daughter Ms. Z?
(c) Justify your answer in (a) & (b) in one sentence only.

Advertisement Remove all ads

Solution

(a) Mrs. and Mr. A can invest in shares of the company.

(b) Mrs. and Mr. A as a guardian of Ms. Z (their daughter) can purchase shares (on behalf of Ms. Z) in the name of Ms. Z.

(c) Mrs. and Mr. A is major (and eligible to buy shares) and their daughter Ms. Z who is 11 years old is a minor (not eligible to buy shares).

Concept: Eligibility of Membership
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Balbharati Secretarial Practice 11th Standard HSC Maharashtra State Board
Chapter 5 Members of a company
Exercise Q.3 | Q 1 | Page 75
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×