Question

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.
a) Can M/s ABC buy the shares of
b) Can profits of M/s. ABC be invested in shares held in the names of Dr. A or Dr. B or
Dr. C?
c) Are the doctors eligible to invest in shares of the company?​

Answer 1

Answer:

a - company

b - yes

c - dwpend on the profots