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jignesh (BUSINESS)     12 April 2021

Private limited company can issue share to partnership firm

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????

 5 Replies

Dev Yadav

Dev Yadav (student)     12 April 2021

Partnership firm cannot be member of company, other than sec 8 company
1 Like
Sourav

Sourav (Student)     12 April 2021

No, XYZ pvt ltd cannot issue shares to ABC enterprise.
i am Kashif

i am Kashif   12 April 2021

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
1 Like
Dev Yadav

Dev Yadav (student)     12 April 2021

Partnership firm is not a legal entity, therefore it cannot be a member of company except in sec 8 company
i am Kashif

i am Kashif   12 April 2021

Thanks for correcting me

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