parties to a partnership
This query is : Resolved
09 February 2009
can a partnership firm and an individual enter into a partnership?
09 February 2009
No, A partnership firm can never be a partner. It has been decided in Dulichand Laxminarayan Vs. CIT (1956), SC.
10 February 2009
then can the partenrs of those firm enter into another partnership.
I mean can a person be a partner of more than 1 firm.
I mean can a person be a partner of more than 1 firm.
10 February 2009
Yes. It is possible. Rahter, the same partners may open another partnership firm also.
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