Company law
A.R.Mukundan
(Querist) 07 August 2010
This query is : Resolved
pl clarify
a) Whether a company be a partner of a partnership firm?
b) Whether a company be a partner of a LLP?
c) Whether a partnership firm can be shareholder/member/director of a company?
d) whether a LLP can be shareholder/member/director of a company?
thx
S. Bharath
(Expert) 07 August 2010
Mr. Shashikumar on that point is right.
A V Vishal
(Expert) 07 August 2010
a) Whether a company be a partner of a partnership firm?
Ans. yes
b) Whether a company be a partner of a LLP?
Ans. no
c) Whether a partnership firm can be shareholder/member/director of a company?
Ans.A Partnership firm cannot be a member/director 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.
d) whether a LLP can be shareholder/member/director of a company?
Same as (C)
Manish Singh
(Expert) 13 August 2010
I concur with the views of Mr. Vishal.
a firm or llp can not be a shareholder of any company since they are not legal entities.
DEFENSE ADVOCATE.-firmaction@g
(Expert) 07 August 2010
