Individual & HUF - Total as a Member

three

Dear Binish,

In this case when u count no. of members of the company A shuld be treates in dual capacity first as member himself and secondly as a kurta of HUF.

In short  there are three member in total.

Thank you Praveen

Thank you Ajay sir.

THANKS MR AJAY JI

Ajay sir Is there any particular section in company law  or any reference where i can find the related topic.

comments of other experts solicited,

Regards,

Binish

Dear binish you can refer Section 41 of the Companies Act in Ramaiya, where it is mentioned that a HUF can subscribe the shares of the Company though the shares may be registered in the name of the Karta.

So in your case A can hold shares in two capacities i.e one on his individual capacity and other on behalf of HUF of which he is Karta.

Thank you Kamaljeetji for the kind response.