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Share certificate of partnership firm

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Kavita R

Service

183 Points Posted on 15 March 2024

what happens to the share certificate of a partnership firm being a member of pvt ltd. co., wherein the partner has deceased and new partner is appointed vide reconstitution of the partnership deed .

please advise urgently

Replies (6)

Quick Summary

This discussion addresses the share certificate of a partnership firm when a partner passes away and a new partner is appointed through a reconstituted partnership deed. The consensus is that if the share certificate is issued in the firm's name, no new certificate is required unless there's a new capital contribution. The key is that the certificate represents the firm's ownership, not individual partners.

sabyasachi mukherjee

Profession

28261 Points Posted on 15 March 2024

A partnership firm can issue share certificate

RAJA P M

"Do the Right Thing...!!!"

128157 Points Posted on 15 March 2024

The Share Certificate issued to the Firm.
Not for individual...

Jayalakshmi Ramasamy

36 Points Posted on 16 March 2024

Thank you sir so no need to issue a new share certificate.

RAJA P M

"Do the Right Thing...!!!"

128157 Points Posted on 16 March 2024

Yes, No need to issue share certificate.
In case received new contribution of Capital then You can give.

Note: In the share certificate contains only the firm name then not required to issue share certificate.