National Pension System (NPS) chairman Hemant Contractor was quoted as saying, "We are looking at the possibility of allowing minors to join NPS because in some countries it is allowed. There are legal issues like a minor's capacity to enter a contract. Under the law, minors cannot enter into a contract. Another issue is like whether they can discharge their responsibilities under the contract. So we are trying to find out how to get around those issues. We are looking at it very closely, may be in 2-3 weeks something concrete may come up”.
OTHER NEWS SHOTS
Read More News Stories