Who can become a shareholder?
Sakthivel Rajagopal (38 Points)
19 August 2021
Can a LLP become a shareholder in a Private limited company or in a Public limited company?
5 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 19 August 2021
No, it's not possible
CA. Abhilash Krishnan P
(Chartered Accountant)
(533 Points)
Replied 19 August 2021
Yes it is possible, An LLP is a body corporate aa per llp act which can hold assets and properties in its name. It can become a shareholder of a company by agreeing to the MOA of the company or by subsequent purchase of shares in the company
CS Divesh Goyal
(Practicing Compnay Secretary)
(50535 Points)
Replied 19 August 2021
It is definitely possible for LLP to become shareholder in Private as well as public Company
CS Divesh Goyal
(Practicing Compnay Secretary)
(50535 Points)
Replied 19 August 2021
No where in LLP as well as Companies act it is restricted.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 19 August 2021
Thanks for the information
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