Study the following case/situation and express your opinion.
1) Mrs. & Mr. A work in a Bank. They have a daughter named Ms. Z who is 11 years old.
a) Can Mrs. & Mr. A invest 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.
2) M/s. ABC is a Partnership firm owned by Dr. A, Dr. B, Dr. C. The doctors want to invest
the profits of ABC in the shares of a company.
a) Can M/s ABC buy the shares of company?
b) Can profits of M/s. ABC be invested in shares held in the names of Dr. A or Dr. B or.
c) Are the doctors eligible to invest in shares of the company?
3) ZEN Limited has some investible profits. Please guide Zen limited with respect to the
a) Can ZEN Limited invest in the shares of itself?
b) Can ZEN Limited invest in the shares of TEN Limited?
c) Justify your answers in (a) & (b) in one sentence