banner_ad

Company Shareholding

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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
Profile Image

Ankur Garg

Profile Image

Ankur Garg (Expert)
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.
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
10 November 2009 I also feel so, since 187C cannot be applied in the instant case.
Profile Image

M Prabhakar Menon

Profile Image

M Prabhakar Menon (Expert)
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


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details