Can a partnership firm become a Shareholder in a Pvt. Ltd Co. owning say 99% shares? If no, which sections are applicable?
Menu
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
Recent Topic
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
Related Topics
CAclubindia
