LLP can become a member of company
No, it is not possible for a Limited Liability Partnership to become a member of a company. LLPs and companies are distinct legal entities with different structures and characteristics. Let’s define how LLP can become a member of company.
In a company, membership is typically held by individuals or other legal entities as shareholders or members. The ownership and control of the company are vested in its members. They have rights and obligations as defined by the company’s articles of association or bylaws.
LLPs, on the other hand, are partnerships where the partners have ownership and control of the LLP. The partners are individuals or other legal entities. They have rights as well as responsibilities according to the LLP agreement.
While an LLP can engage in business transactions with a company, such as entering into contracts or providing services, it cannot become a member or hold shares in a company. The ownership and membership structures of LLPs and companies are separate and distinct.
To visit: https://www.mca.gov.in
It’s important to consult with legal professionals to understand the specific rules and limitations regarding partnerships and company membership in your jurisdiction.
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