Partnership act

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Biju P (Querist)
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01 March 2012 Can a Company be appointed as a partner in a partnership firm. If so whether it can take the salary like that of other partners.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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01 March 2012 I think it is possible but it should be in the AOA of the company. However wait for some experts replays.
OM SAI SRI SAI JAI JAI SAI

CA.rajni kalsariya

CA.rajni kalsariya (Expert)
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01 March 2012 yes company can appointed as a partner in partenership firm. if company appoint a humanbeing for management in firm as a repesentive of company than company can draw salary.

Ajay Mishra

Ajay Mishra (Expert)
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01 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.