Allotment of equity shares
This query is : Resolved
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.
08 October 2013
No.. it should be then in the name of proprietor..
08 October 2013
https://www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx?Id=8104
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
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