Hi Friends
I have a Query
Can A Partnership firm and any Partner of that firm become a share holder in the company ?
If partner become a member of the Company then whats the provisions
2 Replies
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 15 December 2008
Answer to your 1st query is Yes.
abhishek bhatt
(CA student)
(136 Points)
Replied 23 December 2008
a firm can't bcome member in company bcoz: it has not legal status but company can bcome partner in firm and partner can hold as nominee of firm.please to check out companies act if u don't have faith
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