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.
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
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
