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Question
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.
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).
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RELATED QUESTIONS
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