CAN A LLP PROMOTE A PRIVATE LTD COMPANY?
IF SO SHOULD I MENTION LLP'S DETAILS IN FORM 1A AS PROMOTER?
CAN A LLP HOLD MORE THAN 50% SHARE IN A PVT LTD COMPANY?
THANKS
RAHEEV
1 Replies
ANTONY EDGAR
(CA in Practice)
(89 Points)
Replied 28 November 2012
LLP can be a promoter of a PVT LTD company and can also hold more than 50% of the sare capital. You can also mention LLP name as the promoter in the form 1A.
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