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Can the same partners form another firm with same partners

This query is : Resolved 
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(Querist)
15 June 2009 friends,

Can the same partners of the firm, form another firm with same partners at the same place with the same nature of business..Is there any such resyriction?

please guide me..
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
15 June 2009 Yes they can form. There is no such restriction
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
15 June 2009 Unless there is a restriction in the partnership deed itself, but that too should be reasonable otherwise it would violate Sec.37 of the Indian Contract Act.
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