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Partnership

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 February 2011 In a partnership firm more than one person can be Managing partner?

Thanks in advance
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CA Debasish Banerjee

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CA Debasish Banerjee (Expert)
12 February 2011 Yes. Mostly in a partnership firm all the partners are managing partners. Even signing on a single cheque will make you a managing partner. It is not necessary for every partner to take part in every works of the firm. It is also not possible / feasible ..
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