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dinesh

dinesh (Querist)
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21 October 2011 Can a Partnership Firm become a member of company other that Co. u/s 25?

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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21 October 2011 yes, partnership firm can invest in shares of a company and can be a member of a company..

dinesh

dinesh (Querist)
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21 October 2011 can u plz give any reference with a case law

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 October 2011 The Department of Company Affairs has in its Circular No. 4/72, dated 9-3-1972 expressed view stating that a firm, not being a person, cannot be registered as a member of a company except where the company is licensed under section 25. In another Circular No. 5/75 (8/18/75-CL-V), dated 31-3-1975 issued under section 187C of the Act the Department has expressed similar view.

dinesh

dinesh (Querist)
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21 October 2011 thank u Sanjay Sir and Dileep JI .........

Hare Krishna.....

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