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If a partnership firm intends to invest in equity shares then what is the procedure.

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Posted By: Ravinder 9 year(s) ago

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    s.m.a.millath

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

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    khushboo khatreja

The partner of the firm can hold the shares in his name as the trustee of the partnership firm. section 89 of the Companies Act, 2013 will come into play.

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