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)
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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)
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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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