Company Shareholding

This query is : Resolved

vinay (Querist)
Follow

10 November 2009 Dear all,

Could u plz tell me: Whether a partner in a partnership firm can become a beneficial shareholder (i.e. on behalf of a firm) in a private limited company. If yes, the relevant section

Secondly, would the investment be reflected in books of the firm or the partner in individual capacity.

Thanking you for your co-operation and awaiting for your responses

Ankur Garg

Ankur Garg (Expert)
Follow

10 November 2009 As per my understanding a partner in a partnership firm can not become a beneficial shareholder (i.e. on behalf of a firm) in a private limited company.

Reason being p'ship firm is not allowed to become member of company directly or indirectly through nominee.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

10 November 2009 I also feel so, since 187C cannot be applied in the instant case.

M Prabhakar Menon

M Prabhakar Menon (Expert)
Follow

10 November 2009 Any person can be a beneficial shareholder including a firm the restriction is on trusts not firms.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Lalan Kumar Jha

Vidit Ratanghayra

Suneel Shah

Ravikumar

Ritesh Panpaliya

Subscribe Now

Company Shareholding

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Accountant

GST CONSULTANCY

Manager- Finance and Compliance

CA Final

GST CONSULTANT