Dear Friends,
The question is HOW can we do this without flouting the Law.
We want to form a Company wherein a Partnership Firm (represented by ALL its partners) shall be a subscriber.
Please let us know as to how this can be done and any precedent on this in the past.
No. Firm cannot be a subscriber. Its partners can be subsribers to the company in their individual capacities. A firm is not a legal entity.
Agree with sunny ji. partnership firm can not be a member of the company. However a partnership firm may become member of section 25 company.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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