Study the following case and express your opinion:M/s. ABC is a Part

1.	Study the following case and express your opinion:M/s. ABC is a Partnership firm owned by Dr. A, Dr. B, Dr. C. The doctors want to invest the profits of ABC in the shares of a company.i. Can M/s ABC buy the shares of the company?ii. Can profits of M/s. ABC be invested in shares held in the names of Dr. A or Dr. B or Dr. C?iii. Are the doctors eligible to invest in shares of the company?
Answer» i. Yes M/s ABC can buy the shares of the company. ii. They can invest profit of M/s ABC in the names of Dr. A or Dr. B or Dr.C. iii. Yes, doctors are eligible to invest in shares of the company.

Study the following case and express your opinion:M/s. ABC is a Partnership firm owned by Dr. A, Dr. B, Dr. C. The doctors want to invest the profits of ABC in the shares of a company.i. Can M/s ABC buy the shares of the company?ii. Can profits of M/s. ABC be invested in shares held in the names of Dr. A or Dr. B or Dr. C?iii. Are the doctors eligible to invest in shares of the company?

Answer»

i. Yes M/s ABC can buy the shares of the company.

ii. They can invest profit of M/s ABC in the names of Dr. A or Dr. B or Dr.C.

iii. Yes, doctors are eligible to invest in shares of the company.