04 May 2015
Please let me know - Can a partnership firm become a member in a company. i am really confused. Section 8 Clearly Specifies that a partnership firm can become member in a Section 8 company... i want to know that whether a firm can become a member in normal companies also (Other than Section 8 Companies)
04 May 2015
Partnership firm is not considered as artificial person in eye of law, so that it cannot be member/shareholders of any company but partners of firms can be members of company.
CAclubindia
