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can a company purchase the share of partnership or sole prop

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Parveen Kumar Sharma

Parveen Kumar Sharma (Querist)
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14 June 2009 can a company purchase of share in parntership or in sole prop.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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14 June 2009 it can become a partner in partnership and it can acquire sole pro. and also partnership.

Ankur Garg (Expert)
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15 June 2009 Yes, a company can purchase of share in parntership or in sole prop coz it has perpetual existance.

Regards

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
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15 June 2009 yes

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