CAN UNCLE AND NEPHEW BE A PARTNER IN A FIRM
This query is : Resolved
RAHUL KUMAR TAANK
(Querist)
16 October 2010
DEAR EXPERTS,
CAN UNCLE AND NEPHEW BE A PARTNER IN A FIRM???
RAHUL
CAN UNCLE AND NEPHEW BE A PARTNER IN A FIRM???
RAHUL
Rajan Kapoor
(Expert)
16 October 2010
YES, UNCLE AND NEPHEW BE A PARTNER IN A FIRM.
RAHUL KUMAR TAANK
(Querist)
16 October 2010
sir,
please explain with any law in this regard.
please explain with any law in this regard.
17 October 2010
Since there is no express prohibition in the Indian Partnership Act,1932 uncle and nephew (if major)can be partners in a partnership firm.
Ankur Garg
(Expert)
18 October 2010
Very much possible.
Relatives are allowed to enter in the partnership.
Relatives are allowed to enter in the partnership.
RAHUL KUMAR TAANK
(Querist)
28 October 2010
SIR THANKS TO ALL EXPERTS FOR CLEAR THIS CLARIFICATION .
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