Can a firm become a shareholder of the private limited compa
This query is : Resolved
20 January 2014
Dear Sir,
Please give me the detailed procedure whether a firm can become a share holder of the private limited company, if yes what is the procedure.
Thanks and regards
R.Nehal Shah
Please give me the detailed procedure whether a firm can become a share holder of the private limited company, if yes what is the procedure.
Thanks and regards
R.Nehal Shah
21 January 2014
A partnership firm is not a legal person and as such it can not, in its own name, become the member of the company. However, its partners may become joint shareholders of the company and their name be entered in the register of members.
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