Partnership deed

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Ankur Saxena

Ankur Saxena (Querist)
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13 January 2015 Can a partnership firm enter into a partnership with other individual. If no what is the solution?

Rupesh Jain

Rupesh Jain (Expert)
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13 January 2015 yes partner ship firm can enter with another individual.

CA Prince Wadhwa

CA Prince Wadhwa (Expert)
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13 January 2015 hello ankur,
you can go ahead with admission of partner in that partnership firm.

Ankur Saxena

Ankur Saxena (Querist)
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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

CA Prince Wadhwa (Expert)
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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;"

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