if the firm is taking 10 per cent stake in the pvt ltd company the cheque should be issued by the firm and not the partners
Investing in private limited
Hello i recently formed a partnership firm with my friend.The partnership firm that we have now formed is taking a 10% stake in a private limited firm for a certain amount of money. My question is , can the money be given by me &my friend in our own names individually? or does the money have to be given under our partnership firms name?
Asked 8 years ago in Business Law
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4 Answers
Hi, If the amount is paid in the name of the Firm then firm has investing the money to the Company.
2. If you paid the amount individually then you alone paid the amount to the company.
It is your partnership firm that has taken a stake, so the money can be pooled only by the firm.
As partnership agreement, each partner can draw their share or profit or any other drawals on their name itself, it is not necessary to make the withdrawals on company's name.
