Can a company be added as a partner

This query is : Resolved

Share Report Follow Query Ask a Query

P.S.Subbaraman

P.S.Subbaraman (Querist)
Follow

02 August 2013 Can a Corporate body be added as a partner in a firm ? Any case laws on the said subject?

Ajay Mishra

Ajay Mishra (Expert)
Follow

02 August 2013 Hi

Yes a company can be a partner of a partnership firm.

A Partnership can be formed between:
(i) one or more individuals or
(ii) between an individual and a person representing a H.U.F. or
(iii) between an individual and other partner representing his firm, or between Limited Company or a Corporation and an Individual or Partnership firm, or
(iv) between two Partnership firms, or
(v) between a Limited Company or a Corporation and an individual or Partnership firm, or
(vi) between a Partnership firm and H.U.F., or
(vii) between members of HUF in their individual and independent capacity, and
(viii) between a HUF and a member of that HUF independently.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok