Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Can a society own shares in a company

(Querist) 18 May 2013 This query is : Resolved 
Please let me know whether a Society registered under 1860 Society Act own shares in a company, Promote a for profit company, Give bank guarantee on behalf of a company?
Khaleel Ahmed (Expert) 18 May 2013
Yes , registered society can own not only shares but also all movable and immovable properties. In the legal sense registered society to be treated as person.
Raj Kumar Makkad (Expert) 20 May 2013
yes. The society has also a separate legal entity so it can do whatever you have asked.


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


Click here to login now



Similar Resolved Queries :