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

Follow Query

Report Abuse

Devajyoti Barman (Expert) 07 August 2010
a) Yes
b)Yes
c)no
d)no

s.subramanian (Expert) 07 August 2010
i concur with mr.barman.

DEFENSE ADVOCATE.-firmaction@g (Expert) 07 August 2010
A partnership and LLP can be shareholder but not director.

S. Bharath (Expert) 07 August 2010
Mr. Shashikumar on that point is right.

Raj Kumar Makkad (Expert) 07 August 2010
I do agree with Shashikumar

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.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now