Partner ship firm

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Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2012 my question is- whether all the partners may be corporate can make a valid partner ship firm.
my means is whether a individual is necessary to make a valid partner ship firm

Ajay Mishra

Ajay Mishra (Expert)

28 March 2012 Hi

TYPES OF PARTNERSHIP
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.

Regards

Querist : Anonymous

Querist : Anonymous (Querist)

29 March 2012 THANKS BUT CLEAR MORE ONE THINGS LIMITED CO. INCLUDING PRIVATE LIMITED CO. OR NOT.

Ajay Mishra

Ajay Mishra (Expert)

29 March 2012 Hi

Yes, Limited company includes public limited and private company but does not includes section 25 company.

Regards

Querist : Anonymous

Querist : Anonymous (Querist)

29 March 2012 SIR, THANKS, BUT PL. TELL ME ONLY AND ONLY TWO PRIVATE LIMITED COMPANY MAKE A VALID PARTNERSHIP FIRM, AS PER YOUR ADVICE IT SEEMS TO ME THAT THERE MUST BE AN INDIVIDUAL OF FIRM ONE OUT OF TWO PARTNER.

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