Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Can a partnership firm become a shareholder?

pratik goyal (Practising Chartered Accountant) (57 Points)

10 April 2017

Can a partnership firm become a Shareholder in a Pvt. Ltd Co. owning say 99% shares? If no, which sections are applicable?

Reply
Follow
Share

2 Replies

Sudhir Todkar (CS Professional) (1021 Points)
Replied 25 April 2017

NO partnership firm can subscribe shares of any company Except section 8 company. However Partners can subscribe shares of any company on its own name..

For your reference please go through chapter of membership of companies act 2013

pratik goyal (Practising Chartered Accountant) (57 Points)
Replied 02 May 2017

Thank You Sir

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Trending Online Classes

Certification Course on Practical Filing of Income Tax Returns

Pratibha Goyal

Enroll Now

22 May 2024
5th Live Batch for Basic and Advanced MS Excel

CA Vishal Zawar

Enroll Now

20 May 2024
Live Course on Drafting of appeal and reply of penalty notice, Rectification and stay of demand (with recording)

CA Sachin Sinha

Enroll Now

25 May 2024

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads