partnership firm

This query is : Open

shuja khan (Querist)
Follow

19 March 2010 can a partnership firm be shareholder in a company????? despite of the fact that partnership firm has an unlimited liability..

Rasesh

Rasesh (Expert)
Follow

19 March 2010 A partnership firm cannot be a shareholder. The shares can be owned by the Partnership firm but the shares have to be held in the name of the partners.

The same applies to shares in demat form. A demat account can be opened by a partnership firm but the account can be opened only in the name of Partner(s) and the securities that belong to the Partnership Firm can be held in this account.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

14 February 2011 A partnership firm ,not being a person, cannot be registered as a member of a company except where the company is licenced u/s 25 of the Companies Act,1956.

ref :- Circular 4/72 dated 9/3/1972.

CA Sreenivasa Rao Munaga

CA Sreenivasa Rao Munaga (Expert)
Follow

08 May 2012 In the above case, whether an AOP or BOI can hold the shares of a private limited company?

Otherwise, a Charitable trust or co-operative society can hold the shares of a private limited company?

Please let me know sir,

Thanks

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHYAM SUNDER GULATI

eddanapudi murali

Frank

Vijay Singh

ajay agrawal

Subscribe Now

partnership firm

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA