Can a Trust or Partnership firm become shareholder in Company
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pradeep joy
Feb 8, 2011, 7:28:23 AM2/8/11
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Dear All,
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Can a Trust or Partnership firm become shareholder in Company. Are such bodies legal entities.
What would be the scenario if the such trust or partnership firm is not registered.
Any case laws interpreting section 41 and definition of person in General Clause Act.
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Best Regards,
Pradeep
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Pradeep Joy | Email: prade...@gmail.com | Phone: +91 9700236040
CS Deepti Lohiya
Feb 8, 2011, 11:20:07 AM2/8/11
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Dear Sir,
A partnership can not be a member in a company. As per Law, only a person can be a member in company and partnership firm is not a person in the eye of law.So, partners of the firm can become a member in a company but partnership firm can not become member in the company.
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Best Regards
CS Deepti Lohiya
Deepti Lohiya & Co.
Practising Company Secretary
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rkart...@gmail.com
Feb 8, 2011, 11:41:04 AM2/8/11
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Hi,
Just to add all the partners should jointly hold such membership. Incase all partners are not holding jointly such partner holding shall make a beneficial interest declaration that such partner is holding on behalf of all other partners.
Regards
Raja karthik
Just to add all the partners should jointly hold such membership. Incase all partners are not holding jointly such partner holding shall make a beneficial interest declaration that such partner is holding on behalf of all other partners.
Regards
Raja karthik
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From: CS Deepti Lohiya <csdeept...@gmail.com>
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Date: Tue, 8 Feb 2011 21:50:07 +0530
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Subject: Re: [CSMysore] Can a Trust or Partnership firm become shareholder in Company
barjat...@gmail.com
Feb 8, 2011, 1:11:30 PM2/8/11
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Dear all,
Some portion of the question is still left unanswered that whether an unregistered trust can become a member in a private company. .
Further an unregistered trust can be a partner in partnership firm. .
Reply awaited. .
Thanks and regards
Some portion of the question is still left unanswered that whether an unregistered trust can become a member in a private company. .
Further an unregistered trust can be a partner in partnership firm. .
Reply awaited. .
Thanks and regards
Pallavi Barjatiya
CS cum Compliance Officer
Miraj Products Private Limited
Miraj House , Udaipur
# 088759-92826
# 0294-2528435-37
From: rkart...@gmail.com
Sender: csmy...@googlegroups.com
Date: Tue, 8 Feb 2011 16:41:04 +0000
barjat...@gmail.com
Feb 8, 2011, 9:34:13 PM2/8/11
to csmy...@googlegroups.com
Dear all,
Some portion of the question is still left unanswered that whether an unregistered trust can become a member in a private company. .
Further an unregistered trust can be a partner in partnership firm. .
Reply awaited. .
Thanks and regards
Some portion of the question is still left unanswered that whether an unregistered trust can become a member in a private company. .
Further an unregistered trust can be a partner in partnership firm. .
Reply awaited. .
Thanks and regards
Pallavi Barjatiya
CS cum Compliance Officer
Miraj Products Private Limited
Miraj House , Udaipur
# 088759-92826
# 0294-2528435-37
From: rkart...@gmail.com
Sender: csmy...@googlegroups.com
Date: Tue, 8 Feb 2011 16:41:04 +0000
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