Partnership deed
This query is : Resolved
Ankur Saxena
(Querist)
13 January 2015
Can a partnership firm enter into a partnership with other individual. If no what is the solution?
Rupesh Jain
(Expert)
13 January 2015
yes partner ship firm can enter with another individual.
CA Prince Wadhwa
(Expert)
13 January 2015
hello ankur,
you can go ahead with admission of partner in that partnership firm.
you can go ahead with admission of partner in that partnership firm.
Ankur Saxena
(Querist)
13 January 2015
Thanks for your replies. But we do not wish to admit a partner. I will explain it better e.g. If a Partnership firm M/s ABC wish to enter in a new partnership with Mr. XYZ (an individual) and from a new Partnership firm with a name of M/s MNB, is that possible?
CA Prince Wadhwa
(Expert)
13 January 2015
according to me in this case firm may authorize any of the partner to act in its name and the partnership may be entered into under partnership act,1932.
relevant portion of section 2 in support of this is stated below
"(a) an "act of a firm" means any act or omission by all the partners, or by any
partner or agent of the firm
which gives rise to a right enforceable by or against the
firm;"
relevant portion of section 2 in support of this is stated below
"(a) an "act of a firm" means any act or omission by all the partners, or by any
partner or agent of the firm
which gives rise to a right enforceable by or against the
firm;"
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