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
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
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
