10 May 2012
A partnership firm can not become a shareholder/member of a company because it is not a legal person. then if partnership firm is registered then can it becomes a member of a company?
A partnership firm is not a legal person ans as such it can not, in its own name, become a member of a company, However, its partners may become joint shareholders of a company and their name as entered in the register of members. However, it can become a member of section 25 company, but on dissolution of the firm, its membership of such a company ceases.
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