• 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 10 months ago in Business Law from New Delhi, Delhi
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 
Ajay Sethi
Advocate, Mumbai
27340 Answers
1486 Consultations
5.0 on 5.0
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.
Pradeep Bharathipura
Advocate, Bangalore
4200 Answers
149 Consultations
4.3 on 5.0
It is your partnership firm that has taken a stake, so the money can be pooled only by the firm.
Ashish Davessar
Advocate, Jaipur
19599 Answers
507 Consultations
5.0 on 5.0
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.
T Kalaiselvan
Advocate, Vellore
17470 Answers
165 Consultations
5.0 on 5.0

Ask a Lawyer

Get legal answers from top-rated lawyers in 1 hour. It's quick, easy, and anonymous!
Ask a Lawyer

Business Lawyers

Ajay Sethi
Advocate, Mumbai
27340 Answers
1486 Consultations
5.0 on 5.0
T Kalaiselvan
Advocate, Vellore
17470 Answers
165 Consultations
5.0 on 5.0
Krishna Kishore Ganguly
Advocate, Kolkata
13586 Answers
291 Consultations
5.0 on 5.0
Ashish Davessar
Advocate, Jaipur
19599 Answers
507 Consultations
5.0 on 5.0
Devajyoti Barman
Advocate, Kolkata
6913 Answers
78 Consultations
4.9 on 5.0
Nadeem Qureshi
Advocate, New Delhi
3814 Answers
151 Consultations
4.9 on 5.0
Shivendra Pratap Singh
Advocate, Lucknow
3146 Answers
47 Consultations
4.9 on 5.0
Rajgopalan Sripathi
Advocate, Hyderabad
974 Answers
69 Consultations
5.0 on 5.0
Shashidhar S. Sastry
Advocate, Bangalore
1302 Answers
71 Consultations
5.0 on 5.0
Anilesh Tewari
Advocate, Lucknow
69 Answers
0 Consultations
5.0 on 5.0