Shareholders

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  • Neilsp1
    Junior Member
    • May 2015
    • 12

    #1

    Shareholders

    Good day all,

    Can somebody please advise if the is any restriction age wise into who can be a shareholder, in other words can a minor own shares in a (Pty) Ltd.

    Thanks
    Neil
  • Andromeda
    Gold Member

    • Feb 2016
    • 734

    #2
    Hi
    Being a shareholder is no problem that I am aware of. What can be a problem is the manner in which the shares were acquired; a minor must be assisted by a guardian to acquire assets, other than through inheritance, donation, or damages award.

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    • rawoke
      Full Member
      • Sep 2017
      • 28

      #3
      Originally posted by Andromeda
      Hi
      Being a shareholder is no problem that I am aware of. What can be a problem is the manner in which the shares were acquired; a minor must be assisted by a guardian to acquire assets, other than through inheritance, donation, or damages award.

      I always wondered can you become one if you have a criminal record ? lol i don't have one, but I often wondered about it...
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