Partnership act

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Prashant Gharat

Prashant Gharat (Querist)
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02 January 2013 CAN A PARTNERSHIP FIRM BE A PARTNER IN ANOTHER PARTNERSHIP FIRM?

CA Priyank Singhi

CA Priyank Singhi (Expert)
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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

Prashant Gharat (Querist)
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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........

CA Priyank Singhi

CA Priyank Singhi (Expert)
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03 January 2013 Can you send the link where you read this.

Prashant Gharat

Prashant Gharat (Querist)
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03 January 2013 http://www.legallight.in/partnership.html

CA Priyank Singhi

CA Priyank Singhi (Expert)
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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

Prashant Gharat (Querist)
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03 January 2013 Thanks for your Reply and wish you happy new year....

CA Priyank Singhi

CA Priyank Singhi (Expert)
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03 January 2013 Same to you Prashant

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