13 January 2015
Thanks for your replies. But we do not wish to admit a partner. I will explain it better e.g. If a Partnership firm M/s ABC wish to enter in a new partnership with Mr. XYZ (an individual) and from a new Partnership firm with a name of M/s MNB, is that possible?
13 January 2015
according to me in this case firm may authorize any of the partner to act in its name and the partnership may be entered into under partnership act,1932. relevant portion of section 2 in support of this is stated below "(a) an "act of a firm" means any act or omission by all the partners, or by any partner or agent of the firm which gives rise to a right enforceable by or against the firm;"
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