Can a Limited Liability Partnership become a shareholder in a Private Limited Company ?
If yes, kindly provide the procedure to do so.
Thanks
Jignesh
(Practising Company Secretary)
(32 Points)
Replied 23 April 2011
According to Section 2 of LLP Act "LLP" is body corporate and Companies Act do not have any specific provision which bars LLP as a shareholder. So yes LLP can become shareholder in a company.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
