Pvt Ltd. Coin a Partnership
This query is : Resolved
MANISH KAPOOR
(Querist)
09 July 2009
Can a Private Limited Co. become partner in a Partner Ship Firm......If Yes Then the treatment if....
a)Out of Seven Directors Two Directors are also the partners in the Firm.
b)Can we give interest on capital & Partners Salary To the Pvt Ltd. Company
c)How is The Pvt Ltd. Company Show this Investment in his books of Accounts.
a)Out of Seven Directors Two Directors are also the partners in the Firm.
b)Can we give interest on capital & Partners Salary To the Pvt Ltd. Company
c)How is The Pvt Ltd. Company Show this Investment in his books of Accounts.
Ankur Garg
(Expert)
09 July 2009
Hi Manish,
As per corporate law provisions yes a Private Limited Co. can be a partner in a Partner Ship Firm reason being such Private Limited Co. has perpetual existance.
For accounting aspects of the same i advise you to post accounting part of this query in accont section for expert advice.
Regards
As per corporate law provisions yes a Private Limited Co. can be a partner in a Partner Ship Firm reason being such Private Limited Co. has perpetual existance.
For accounting aspects of the same i advise you to post accounting part of this query in accont section for expert advice.
Regards
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