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Aop to become shareholder of a company formed u/s. 25

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(Querist)
09 December 2016 DOES AOP FORMED NOT FOR PROFIT ALLOWED TO BECOME THE SHAREHOLDER OF A COMPANY FORMED UNDER SECTION 25 ? IF YES WHAT WOULD BE THE TAX IMPLICATIONS? PLEASE GUIDE.
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CA Suresh Jain

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CA Suresh Jain (Expert)
11 December 2016 Yes, it is allowed to be a share holder

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