PARTNERSHIP FIRM
This query is : Resolved
shweta bombe
(Querist)
17 March 2011
WHETHER A PARTNERSHIP FIRM CAN BECOME A PARTNER IN ANOTHER PARTNERSHIP FIRM ?
CA Ravi Sisodia
(Expert)
17 March 2011
PARTNERSHIP FIRM CAN NOT BECOME A PARTNER IN ANOTHER PARTNERSHIP FIRM.
17 March 2011
No a Partnership firm can not become a partner in another partnership firm. The simple reason being that it has no separate legal entity. On the other hand a company has a separate legal entity and therefore a company can be a partner in a partnership firm.
17 March 2011
For Eligibility For Partnership....See below link----
https://www.tax4india.com/indian-laws/business-commercial-law/partnership-law/partnership-law.html
https://www.tax4india.com/indian-laws/business-commercial-law/partnership-law/partnership-law.html
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