Can a partnership firm become a shareholder/member
This query is : Resolved
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?
Please suggest me.
then if partnership firm is registered then can it becomes a member of a company?
Please suggest me.
Ajay Mishra
(Expert)
10 May 2012
Hi
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.
Regards
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.
Regards
Charu Srivastava
(Expert)
10 May 2012
Agree with the above view...
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- ETDS return q4 25-26
- Royalty payments to the Mining Department for procurement of murum - GST input
- Capital gains in IT returns
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
