Law
This query is : Resolved
21 October 2011
Can a Partnership Firm become a member of company other that Co. u/s 25?
21 October 2011
yes, partnership firm can invest in shares of a company and can be a member of a company..
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.
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