example:
ABC Enterprise is partnership firm. Sumit Patel is a partner of such firm.
Sumit Patel is also director and promote in XYZ private limited company.
Can XYZ private limited company issue share to ABC Enterprise???
can ABC Enterprise become shareholder of XYZ private limited company????
Menu
Private limited company can issue share to partnership firm
Replies (5)
Quick Summary
Partnership firm cannot be member of company, other than sec 8 company
No, XYZ pvt ltd cannot issue shares to ABC enterprise.
As per 184 of companies act 2013 Its allow Director of partnership Firm. company can issue share to the firm But the director shall disclose this Matter in MBP 1 file with Company
Partnership firm is not a legal entity, therefore it cannot be a member of company except in sec 8 company
Thanks for correcting me
Recent Topics :
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
Related Topics :
CAclubindia
