Can a company be added as a partner

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P.S.Subbaraman

P.S.Subbaraman (Querist)
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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)
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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.

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