Company Archives - Tax Heal https://www.taxheal.com/tag/company Complete Guide for Income Tax and GST in India Fri, 24 Jul 2015 13:19:26 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 Partnership firm can invest in a company https://www.taxheal.com/partnership-firm-can-invest-in-a-company.html https://www.taxheal.com/partnership-firm-can-invest-in-a-company.html#respond Fri, 24 Jul 2015 13:19:26 +0000 http://taxheal.com/?p=56 Partnership firm can invest in a company Query: We have a query that can a partnership firm invests in equity shares of a company. If yes, then what are the relevant provisions? Answer: Partnership firm cannot hold shares in its name as firm is not an entity or artificial person. However Partners of the firm can hold shares in the company… Read More »

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Query: We have a query that can a partnership firm invests in equity shares of a company. If yes, then what are the relevant provisions?

Answer: Partnership firm cannot hold shares in its name as firm is not an entity or artificial person. However Partners of the firm can hold shares in the company on the behalf of firm.

Further Section 89 of the Companies Act 2013 shall be applicable in case partners of the firm hold shares in the Company as beneficial holder.

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