Partnership firm
This query is : Resolved
24 June 2014
can huf be partner in firm ? please reply with related section
25 June 2014
no it cannot be a partner in a HUF.
You may refer Supreme Court of India judgment in the case (AIR-1930-PC-300 & AIR1956-SC-854) where it was held that HUF is an association of persons is "not a person" within the meaning of expression in the Partnership Act. "
You may refer Supreme Court of India judgment in the case (AIR-1930-PC-300 & AIR1956-SC-854) where it was held that HUF is an association of persons is "not a person" within the meaning of expression in the Partnership Act. "
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