FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
PREDICT YOUR RANK!
Answer below questions and predict your rank
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

state the consequecses A private firm has 20 partners, including a private company which is having 30 shareholders.

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

A private firm has 20 partners, including a private company which is having 30 shareholders.

    3       0 Answer Now Comment Report
1 Answers
Important Note – Preparing for CS Executive?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Hello Nancy, **As far as, private company become partner in private firm, the answer is yes, a private company can become partner in private firm. A company being an artificial person can become a partner in a partnership firm.** ........................................................................................................ **And as per sec. 464 of companies act, 2013,** The 2013 Act puts a restriction on the number of partners that can be admitted to a partnership at 100. To be specific, the 2013 Act states that no association or partnership consisting of more than the given number of persons as may be prescribed shall be formed for the purpose of carrying on any business that has for its object the acquisition of gain by the association or partnership or by the individual members thereof, unless it is registered as a company under this 1956 Act or is formed under any other law for the time being in force: As an exception, the aforesaid restriction would not apply to the following: – A Hindu undivided family carrying on any business – An association or partnership, if it is formed by professionals who are governed by special acts like the Chartered Accountants Act, etc. ..................................................................................................................................... Now, as per question asked about the consequence of company – as per companies act, 2013, the limit is not exceeded, thus, **`the private firm is legal as per law.`** Moreover, shareholders of private company are not the partners of private firm. They only remain the shareholders of private company. Only, the private company is the partner of firm. **`Thus, total partners of private firm are 20 only.`** Thanks & Regards

    7       0 Comment Report
Similar Questions
Get Notifications
Videos
Books
Notes
Loading
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.