membership of a company
This query is : Resolved
24 January 2008
dear all,
which section of companies act provides that a partnership firm cannot become a member of a company?
which section of companies act provides that a partnership firm cannot become a member of a company?
S.Srinivasaraghavan
(Expert)
24 January 2008
Section 41 prescribes that members will have to be 'persons'. Person means a natural person, which includes only individuals and corporates. If a share is registered in the name of partnership, then the partners become joint holders and the firm is not considered as the member of that company.
24 January 2008
FULLY AGREE WITH SRI SRINIVASA RAGHAVAN.
SHARES CAN STAND IN THE NAME OF PARTNERS NOT IN FIRM NAME
R.V.RAO
SHARES CAN STAND IN THE NAME OF PARTNERS NOT IN FIRM NAME
R.V.RAO
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