partnership firm
This query is : Open
shuja khan
(Querist)
19 March 2010
can a partnership firm be shareholder in a company????? despite of the fact that partnership firm has an unlimited liability..
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.
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.
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.
ref :- Circular 4/72 dated 9/3/1972.
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
Otherwise, a Charitable trust or co-operative society can hold the shares of a private limited company?
Please let me know sir,
Thanks
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