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membership of a company

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(Querist)
24 January 2008 dear all,
which section of companies act provides that a partnership firm cannot become a member of a company?
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S.Srinivasaraghavan

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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.
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R.V.RAO

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R.V.RAO (Expert)
24 January 2008 FULLY AGREE WITH SRI SRINIVASA RAGHAVAN.
SHARES CAN STAND IN THE NAME OF PARTNERS NOT IN FIRM NAME
R.V.RAO
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