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Partnership becoming a member.

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(Querist)
18 February 2011 Hi all,

Can any one tell me that whether a partnership firm can become a member by acquiring shares in a pvt ltd company?

Thanks
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Sunil Kr. Sanganeria

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Sunil Kr. Sanganeria (Expert)
18 February 2011 A Company cannot tranfer shares in the name of Partnership firm. The shares will ne transferred in the name of any one Partner
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