Can Minor open DEMAT or Trading A/c??

[Bhumin]

Dear All,

1) Can Minor open Demat A/c?
2) Can Minor open Trading A/c?
3) What if minor received share by way of gift or inheritance - How to hold those shares or how to transfer those shares ?

Regards,

Bhumin Mehta.

[advsuhail]

Through Natural/legal Guardian a minor can open account,perform trading and get gift/ inheritance and he can hold these share and for the betterment trading can be done trough his guardian.
Suhail A. Siddiqui,Advocate 9810043819

[ethanscott]

Dear All,

1) Can Minor open Demat account?
2) Can Minor open Trading account?
3) What if minor received share by way of gift or inheritance - How to hold those shares or how to transfer those shares ?

Regards,

Bhumin Mehta.

A minor cannot open a demat or trading account by him/herself but can use his parent's trading account if needed.
In the case of a gift or inheritance too, it would have to go to the parent's account since the kid won't have a legal account.