eligibity of partnership firm as member
This query is : Open
Vardharajan
(Querist)
03 January 2011
A partnership firm cannot become a member in a company.It can be a member in a sec 25 company?? Wat is objective behind this ???
Ajay Mishra
(Expert)
03 January 2011
Dear Friend
Section 41(2) provides that only a person can be member of a company who has agreed in writing to become a member and whose name is entered in the register of members.
As per Department’s Circular No. 4/72, dated 9-7-1972, it has been clarified that “a firm” not being a person, can not be registered as a member of a company.
Company includes, section 25 company.
Regards
CS Ajay Mishra
Section 41(2) provides that only a person can be member of a company who has agreed in writing to become a member and whose name is entered in the register of members.
As per Department’s Circular No. 4/72, dated 9-7-1972, it has been clarified that “a firm” not being a person, can not be registered as a member of a company.
Company includes, section 25 company.
Regards
CS Ajay Mishra
Vardharajan
(Querist)
04 January 2011
But i dont understand this. how can a partnership firm be a member only in a section 25 company and not in any other companies?
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