Can a partnership firm become a Shareholder in a Pvt. Ltd Co. owning say 99% shares? If no, which sections are applicable?
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Can a partnership firm become a shareholder?
Replies (2)
NO partnership firm can subscribe shares of any company Except section 8 company. However Partners can subscribe shares of any company on its own name..
For your reference please go through chapter of membership of companies act 2013
For your reference please go through chapter of membership of companies act 2013
Thank You Sir
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