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partnership of pvt.co

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(Querist)
28 August 2010 can a private ltd company do partnership under partnership act

how he will get remenuration

roc concequencies
IT concequencies


amit
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Vimal Saini

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Vimal Saini (Expert)
28 August 2010 A company is an artificial person... It has a seperate legal entity.. Also it can enter into contract.. So a company can enter into partnership but the articles of the company should permit the company to do the same....


And if Company is acting as a working partner , Remuneration is allowed.
and if Directors of the company is authorised to act as partner on behalf of the company, he will have to make decalaration
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amit sharma

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amit sharma (Querist)
31 August 2010 thank u vimal but just clear above points with IT section and who has to make decleration and remenuration is a part of income of director or a company

Kindly support your answer with IT section
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 August 2023
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