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Partnershipfirm

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 March 2012 ispartnershipfirm can trade in allmonetmarket like share and mutualfund ipoand etc
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
17 March 2012 Yes, it can make investments in such instruments.
.
For a detailed information; you may refer the following page :
.
https://www.hdfcfund.com/DistCorner/
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
17 March 2012 No doubt there is no restriction for a partnership firm to trade in any item but it will be better if the clause in the partnership Deed for nature of business is amended by executing supplementary partnership deed and then it can be done. Moreover, in the trade licence the new line of business should also be included.
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