CAN PARTNER SHIP FIRM PURCHASE SHARE
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CAN PARTNER SHIP FIRM PURCHASE SHARE
Replies (10)
A p'ship firm can not purchase shares of a company in its own name and cannot became member of a company due to its non-perpetual existance.
However partners of a firm may purchase shares of a company in their own name and became member of a company.
agree
Agree with Ankur Ji, In addition partners can hold shares on behalf of firm. If purchased out of firm's money
agree with ankur sir...partner ship firm can hold share on the name of his partner...here partner will be registered owner and firm would be beneficial owner
agree
partnership firm can purchase shares of company licensed u/s 25 only!
Yes, agree with gunmaster also
Partnership firm cannot purchase shares in its name because it is not a legal entity in the eyes of law. Only the partners can purchase shares in their name.
In case where any shares are held by partner of the partnership firm (on behalf of the firm) then, is there any compliance under companies act to be complied with?
Pls tell me, its urgent.
Hi
A partnership firm is not a legal person and as such it can not, in its own name, become the member of the company. However, its partners may become joint shareholders of the company and their name be entered in the register of members. However, it can become member of section 25 company.
Regards
Ajay Mishra
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