Share certificate of partnership firm

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.

A partnership firm can issue share certificate
The Share Certificate issued to the Firm.
Not for individual...

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

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.
Raja , do not create confusion
Originally posted by : sabyasachi mukherjee
Raja , do not create confusion

Yes, it's confusion to You...

 

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