FAQs on Demat/Trading Account for Minors

1. Can a demat account be opened for a minor?
   Yes, a demat account can be opened in a minor's name. The account is managed by a guardian until the minor reaches adulthood. The guardian can be the father, mother, or a court-appointed guardian if both parents are unavailable.

2. Can a minor be a joint holder in another demat account?
   No, a minor cannot be a joint holder in any demat account.

3. Can a trading account be opened in the name of a minor?
   Yes, a trading account can be opened for a minor solely for selling securities obtained through IPOs, inheritance, corporate actions, or off-market transfers like gifts or family transfers. 

4. Can minor open trading account with Navia?
   No, Navia does not offer services for opening trading accounts for minors.

5. Can a minor buy and sell securities?
   No, a minor cannot enter into a contract with a stockbroker to buy or sell securities. The trading account is only for selling securities already held by the minor.

6. Can a minor’s account continue when they become an adult?
   Yes, the minor's demat/trading account can continue when they reach adulthood. The former minor must confirm the account balance and complete the necessary formalities to maintain the account.
   

7. How can minor sell stocks held in a minor’s demat account with Navia?
   To sell stocks held in a minor’s demat account, an off-market transfer of the shares must be made to the guardian’s demat account. The guardian can then sell the shares through their own trading account.