Membership in a company.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 January 2016
Can A LLP & a Partnership firm be members of the Company?
14 January 2016
As per my understanding:
1. LLP can become a member of a Company.
2. P'ship firm cannot be appointed as a member of a Company.
Thanks
1. LLP can become a member of a Company.
2. P'ship firm cannot be appointed as a member of a Company.
Thanks
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 January 2016
Thanks for the reply..
Is there any section/rule/notification/circular which specifies about who can be/ cannot be members of the Company?
Is there any section/rule/notification/circular which specifies about who can be/ cannot be members of the Company?
19 January 2016
For Incorporation of Private Limited Company there should be atleaset two persons.
Person: includes a Company and on behalf of Comapny as well as of any other person, an agent duly authorized may sign. but a 'firm' as such cannot sign, as a firm is not person.
Any person who is competent to contract can be subscriber. A Company being a legal person can subscribe. A partnership not being a legal person cannot do so; an individual partner must subscribe.
Person: includes a Company and on behalf of Comapny as well as of any other person, an agent duly authorized may sign. but a 'firm' as such cannot sign, as a firm is not person.
Any person who is competent to contract can be subscriber. A Company being a legal person can subscribe. A partnership not being a legal person cannot do so; an individual partner must subscribe.
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