Partnership becoming a member.
This query is : Resolved
CA.Yogesh Patel
(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
Can any one tell me that whether a partnership firm can become a member by acquiring shares in a pvt ltd company?
Thanks
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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