3. Can a trading account be opened in the name of a minor?
Trading account can be opened in the name of the minor only for the sole purpose of sale of securities which minor has possessed by way of investment in IPO, inheritance, corporate action, off market transfers under the following reason:
i. Gift / Donation
ii. Transfer between family members
iii. Implementation of Government / Regulatory Directions or Orders
However, such an account will be operated by the natural guardian till the minor becomes a major.