Allotment of equity shares
This query is : Resolved
Nilesh Soni
(Querist)
08 October 2013
Dear Sir,
Can we issue equity shares to a proprietorship firm.
in the name of firm only or we need to issue on the name of proprietor.
Can we issue equity shares to a proprietorship firm.
in the name of firm only or we need to issue on the name of proprietor.
Arun Biyani
(Expert)
08 October 2013
No.. it should be then in the name of proprietor..
RAMESH KUMAR VERMA
(Expert)
08 October 2013
https://www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=8104
SAMADHAN SHRIRAM
(Expert)
08 October 2013
Partnership firm as a member:
A partnership firm is not a legal person and
as such it cannot, in its own name, become a member of a company except in
company registered u/s 25 of Companies Act.
Proprietorship firm can not become member, it should be name of the proprietor
A partnership firm is not a legal person and
as such it cannot, in its own name, become a member of a company except in
company registered u/s 25 of Companies Act.
Proprietorship firm can not become member, it should be name of the proprietor
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Import Order Cancelled.
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
