Indian Partnership Act 1932
This query is : Resolved
03 October 2007
Hello friends,
Kindly give me your view with proper support on "whether a person, who is a resident and not ordiarily resident become a partner in a business in India?"
Will appreciate a quick response...
Thanks a lot in advance
CA Ahmer Ammar
Kindly give me your view with proper support on "whether a person, who is a resident and not ordiarily resident become a partner in a business in India?"
Will appreciate a quick response...
Thanks a lot in advance
CA Ahmer Ammar
03 October 2007
Generally there are no restrictions as to residency or citizenship of the Partners
03 October 2007
A partner may be a foreigner if specific permission is obtained from the central government and the Reserve Bank of India. In practice, partnerships with a foreigner are almost nonexistent.
03 November 2007
yes, he can be admitted to partnership in india.
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