Membership in a company.

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Querist : Anonymous

Querist : Anonymous (Querist)

14 January 2016 Can A LLP & a Partnership firm be members of the Company?

Ankur Garg

Ankur Garg (Expert)
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14 January 2016 As per my understanding:

1. LLP can become a member of a Company.
2. P'ship firm cannot be appointed as a member of a Company.

Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

14 January 2016 Thanks for the reply..

Is there any section/rule/notification/circular which specifies about who can be/ cannot be members of the Company?

CS Divesh Goyal

CS Divesh Goyal (Expert)
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19 January 2016 For Incorporation of Private Limited Company there should be atleaset two persons.

Person: includes a Company and on behalf of Comapny as well as of any other person, an agent duly authorized may sign. but a 'firm' as such cannot sign, as a firm is not person.

Any person who is competent to contract can be subscriber. A Company being a legal person can subscribe. A partnership not being a legal person cannot do so; an individual partner must subscribe.

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