partnership

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27 March 2010 can a partnership firm come into partnership with other firm

27 March 2010 no


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Querist : Anonymous

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Querist : Anonymous (Querist)
29 March 2010 Extortion of a party by other party.may i please know whether it is void contract or voidable contract.

12 April 2010 Hi, Sec. 4 of the partnership Act : "partnership is a relation between persons who hv agreed to share the profits of a business carried on by all or any one of them acting for all"
It means that any person can become a pertner. Further, "a partner has no general right to enter into partnership without the consent of other partners" Makes it clear that a firm can enter into partnership with another firm with the consent of all the partners.
Regards, CA Shakuntala Chhangani


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