15 June 2015
Kindly suggest 1)can a huf become partners in a firm?? 2) can a huf enter in partnership with his members only?? 3) can member of huf represent his huf as a partner?? 4) can karta in individual capacity enter into partnership with his member representing huf or vice versa ??
20 June 2015
1) Since HUF is not a legal person, it cannot directly admit as a partner. HUF in order to become a partner in a partnership firm, should act through its Karta or any other adult member being coparcener;
2) Yes through adult members only, who has legal authority to do so;
CAclubindia
