Membership
This query is : Resolved
VICKY JAGDISH ASOPA
(Querist)
04 May 2014
Can a registered partnership firm become members in company, if no then what is the reason behind these
Nikhil Kaushik
(Expert)
04 May 2014
In India, you cannot hold shares in partnership firm's names as a firm is not recognised as a separate legal entity (except for tax purposes). please refer this discussion
https://www.lawyersclubindia.com/forum/Can-partnership-firm-invest-in-shares-in-india--5848.asp#.U2YNxKIVe8A
https://www.lawyersclubindia.com/forum/Can-partnership-firm-invest-in-shares-in-india--5848.asp#.U2YNxKIVe8A
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