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What is Partnership law as per the Company's Act
01-Dec-2023 (In Corporate Law)
Dear Sir/Madam, Me and my 3 Friend's planned to do start-up partnership business, but now I had some financial issue and planned to join next year as their partner, My friends check with an auditor who told them that If I am going to join next year, I can only be 12% investment instead equal 25% share (due to some yearly depreciation concept), Question: (a.) Is above statement correct? (b.) After they starts the company, Is there a way to have partnership with them with equal share, if they agree?
Hi,
First of all clarify, whether your friends are going to start a partnership firm or a private limited company, if it is a company your friends can issue 25% stake to you at any point of time if the company's charter documents (MoA and AoA) have provisions for the same.
First of all clarify, whether your friends are going to start a partnership firm or a private limited company, if it is a company your friends can issue 25% stake to you at any point of time if the company's charter documents (MoA and AoA) have provisions for the same.
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Adv. Shobhan M P
Chennai | 100+ Answers
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