Share Application and Allotments
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 February 2011
Hello friends,
My question here is whether a partnership firm can apply for equity shares in a company and whether company can make allotment to Partnership Firms.
My question here is whether a partnership firm can apply for equity shares in a company and whether company can make allotment to Partnership Firms.
CA Sanat Pyne
(Expert)
10 February 2011
Yes, Partnership firm can be a shareholder of a company.
Jayashree S Iyer
(Expert)
10 February 2011
As I understand, partnership firms cannot become shareholders of the Company. The shares are to be held by the partners in their joint names.
CA Sanat Pyne
(Expert)
10 February 2011
A shareholder may be a person, firm or company.
There is no bar on firm to hold the shares of a company.
There is no bar on firm to hold the shares of a company.
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