Whether firm can be registered as member of a company - Companies Law - No. 4/72,

Circular : No. 4/72, dated 9 ‑ 3 ‑ 1972 Subject:- Whether firm can be registered as member of a company A firm, not being a person, cannot be registered as a member of a company except where the company is licensed under section 25. Companies which have firms registered as shareholders should be advised to take steps to rectify the position within a specified time. In case the irregularity persists, despite a warning, necessary action can be taken under section 150(2).