Remember | Register | Forgot Password?
Bookmark This Page   RSS Feeds  Follow On Twitter

 

Search for Lawyers          
    



Please Wait ..


Discussion > Business Law > Stocks & Securities > Can partnership firm invest in shares in india?   Unanswered Threads Post New Topic

Pages : 1 2


There are 12 Replies to this message


adv.ranchi


n/a
[ Scorecard : 316]
Posted On 25 May 2009 at 19:00 Report Abuse

Can partnership firm invest in shares in india? 



Total thanks : 1 times


Online certification courses in IP, IT and Social Media laws


D.V.RamaKrishna


Advocate
[ Scorecard : 358]
Posted On 25 May 2009 at 20:11 Report Abuse

Yes, a partnership firm is also a juristic person and it can do all such acts and activities like any other juristic person such as a company, individual etc provided the partnership deed provides for the manner of investments of its funds



Total thanks : 1 times


Sunu


Company Secretary
[ Scorecard : 22]
Posted On 28 May 2009 at 11:53 Report Abuse

I beg to differ from the view already expressed:

A Partnership firm cannot be a member of a Company. The membership has to be in the name of the partners of the firm. There is a clarification from the Department of Company Affairs stating that "a firm, not being a person cannot be registered as a member of the Company except when the Company is licences under Sec 25 of the Companies Act, 1956.

Regards

Sunu

 



Arjun Thakkar


CS
[ Scorecard : 36]
Posted On 28 May 2009 at 15:47 Report Abuse

CS Sunu is absolutely right



Abhishek


Lawyer
[ Scorecard : 39]
Posted On 24 July 2009 at 17:00 Report Abuse

Partnership firm can invest in shares. CS Sonu is absolutely right that Partnership firm can not become member of the company as it doesnot have a seprate legal status like company. But Demat account can be opened in the name of the partners and broking account can be opened in the name of partnership firm. Partners can unanimously appoint authorised partner who will issue instructions to broker for purchasing and selling the shares. For this porpose Partnership PAn no. should be given.So the main answer is yes partnership firm can invest in shares market but cannot hold shares in partnership firm's name.



Sam_01042008


student
[ Scorecard : 692]
Posted On 12 December 2009 at 18:34 Report Abuse

please clarify your query. in case partnership firm is intend to open a trading account and deal in the buying and selling in stock market. then a partnership can open trading account in its name



shonaly ALVA


bANKER
[ Scorecard : 22]
Posted On 12 February 2010 at 09:42 Report Abuse

can a partnership firm wherin the partners are pvt ltd companies open a demat a/c...can the demat a/c be opened in the name of the pvt ltd companies jointly



Suresh CSLLM


Service
[ Scorecard : 182]
Posted On 12 February 2010 at 14:17 Report Abuse

In India partnership firm does not recognized as seprate legal entity. A firm always goes with its partners.

A firm can invest in a company and accordingly can become member through one or more of its partner. If partner holds shares in a company on behalf of the firm, Section 187C of the Company should be complied with.

Suresh

 

 

 



Total thanks : 1 times


sandesh trivedi


-
[ Scorecard : 38]
Posted On 30 March 2010 at 20:15 Report Abuse

 

Partnership firm can invest in shares. CS Sonu is absolutely right that Partnership firm can not become member of the company as it doesnot have a seprate legal status like company. But Demat account can be opened in the name of the partners and broking account can be opened in the name of partnership firm. Partners can unanimously appoint authorised partner who will issue instructions to broker for purchasing and selling the shares. For this porpose Partnership PAn no. should be given.So the main answer is yes partnership firm can invest in shares market but cannot hold shares in partnership firm's name.


If shares cant be held in the partnership firms name then whose name is it held?


CA Adarsh Agrawal


CMD of SHAYVIDZ Group
[ Scorecard : 1358]
Posted On 30 March 2010 at 20:46 Report Abuse

Originally posted by :adv.ranchi
" Can partnership firm invest in shares in india? "

Share can be purchased by Partner subject to partnership deed & the beneficiary will be the partnership firm.




Related Files



Previous Thread
Previous
Next Thread
Next

Related Threads


Post your reply for Can partnership firm invest in shares in india?



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • This is a public forum. Avoid posting content which you do not wish to disclose in public.
  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.





Subscribe to the latest topics :


Forum Home | Forum Portal | Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads - Month | Unreplied Topics | Forum Stats


web analytics