banner_ad

eligibity of partnership firm as member

This query is : Open 
Profile Image

Profile Image

(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 ???
Profile Image

Ajay Mishra

Profile Image

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
Profile Image

Vardharajan

Profile Image

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?
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
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details