Partnership act
This query is : Resolved
Prashant Gharat
(Querist)
02 January 2013
CAN A PARTNERSHIP FIRM BE A PARTNER IN ANOTHER PARTNERSHIP FIRM?
CA Priyank Singhi
(Expert)
02 January 2013
The firm as such cannot become partner in another firm but the partners of the firm can become partners of the other firm.
Prashant Gharat
(Querist)
03 January 2013
Types of Partnership
The result of this summary of the Act is that a Partnership is generally created by agreement between the partners. 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. (iv) between two Partnership firms (v) or between a Limited Company or a Corporation and an individual or Partnership firm (vi) between a Partnership firm and H.U.F. (vii) between members of HUF in their individual and independent capacity (viii) between a HUF and a member of that HUF independently.
i have read this........
The result of this summary of the Act is that a Partnership is generally created by agreement between the partners. 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. (iv) between two Partnership firms (v) or between a Limited Company or a Corporation and an individual or Partnership firm (vi) between a Partnership firm and H.U.F. (vii) between members of HUF in their individual and independent capacity (viii) between a HUF and a member of that HUF independently.
i have read this........
CA Priyank Singhi
(Expert)
03 January 2013
Can you send the link where you read this.
Prashant Gharat
(Querist)
03 January 2013
https://www.legallight.in/partnership.html
CA Priyank Singhi
(Expert)
03 January 2013
I guess you are right. Thanks for correcting me. I had read somewhere that it cannot be done, but i guess that was wrong. Sorry for the mistake.
Prashant Gharat
(Querist)
03 January 2013
Thanks for your Reply and wish you happy new year....
CA Priyank Singhi
(Expert)
03 January 2013
Same to you Prashant
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