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????
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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
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