Yes! As mentioned in this Article5, The Guardian of the minor has to be the father or in his absence, the child’s mother can act as the guardian.
Question
Demat Account Who can be guardian of minor demat account? I have applied for minor demat for my son at FYERS with myself as guardian. I have read in article that only father can be guardian & only in his absence mother can be guardian, is it true?
Who can be guardian of minor demat account? I have applied for minor demat for my son at FYERS with myself as guardian. I have read in article that only father can be guardian & only in his absence mother can be guardian, is it true?
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